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<ul> 
 <li>Stellar Lumens (XLM) proves impervious to bearish trends, trading tantalizingly close to $0.13.</li> 
 <li>Double-bottom reversal and 0.618 Fibonacci support suggest XLM’s price rally is no fluke.</li> 
 <li>Despite a brief hiccup, the breakout structures hint at a potential 24% jump to $0.19 resistance.</li> 
</ul> 
<p>In an erratic market plagued by bearish sentiment, Stellar Lumens (XLM) emerges as an epitome of defiance. Currently trading a whisker below the $0.125 threshold, the cryptocurrency appears unperturbed by its intraday dip of 2.9%.</p> 
<p>A deep dive into its recent price movement reveals a double-bottom reversal pattern, firmly anchored at the 0.618 Fibonacci level, precisely at the robust $0.10 support.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="557" src="https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-1024x557.png" alt="" class="wp-image-143318" srcset="https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-1024x557.png 1024w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-300x163.png 300w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-768x417.png 768w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-1536x835.png 1536w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-723x394.png 723w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7-150x82.png 150w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-7.png 1595w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Source: TradingView</p> 
<p>Over the last fortnight, XLM has exhibited a laudable 14% ascent within a mere 10-day span. This leap wasn’t just a fluke; it shattered the $0.12 resistance, teasing us with the tantalizing prospect of reaching the $0.13 mark. However, the presence of an optimistic pattern somewhat muddies the waters, casting a fleeting shadow over its bullish narrative.</p> 
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<p>Nevertheless, XLM stands at a crucial juncture. Current structures suggest that a bullish continuation, targeting over 20% surge to the $0.19 overhead resistance, is plausible. Thus, Stellar Lumens offers not just a ray but a beacon of hope in a market that desperately needs it.</p> 
<p>Defying bearish market sentiments, Stellar Lumens showcases promising technical indicators and bullish trends, eyeing a potential leap to over $0.20.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/why-stellar-lumens-xlm-could-soon-exceed-1-crypto-experts-take/">Why Stellar Lumens (XLM) Could Soon Exceed $1 – Crypto Expert’s Take</a></li>
 <li><a href="https://cryptonewsland.com/is-stellar-about-to-drop-a-bombshell-heres-what-we-know/">Is Stellar About to Drop a Bombshell? Here’s What We Know</a></li>
 <li><a href="https://cryptonewsland.com/how-and-why-is-stellar-lumens-xlm-outperforming-ripples-xrp/">How and Why Is Stellar Lumens (XLM) Outperforming Ripple’s XRP?</a></li>
 <li><a href="https://cryptonewsland.com/why-stellar-could-be-the-next-big-thing-in-crypto-11-5-surge-in-a-volatile-market/">Why Stellar Could Be the Next Big Thing in Crypto, 11.5% Surge in a Volatile Market&nbsp;</a></li>
 <li><a href="https://cryptonewsland.com/why-investors-keep-eyeing-stellar-xlm-despite-bitcoins-slump/">Why Investors Keep Eyeing Stellar XLM Despite Bitcoin’s Slump</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/how-close-is-xlm-to-its-next-major-breakout-analyzing-the-path-to-0-20/">How Close Is XLM to Its Next Major Breakout? Analyzing the Path to $0.20</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

How Close Is XLM to Its Next Major Breakout? Analyzing the Path to $0.20

Crypto News Land

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