๐ Stellar (
$XLM /USDT) โ Weekly Chart Analysis
Stellar has broken out from a falling wedge pattern on the weekly timeframe โ a classically bullish formation. This is accompanied by consolidation above the key support near $0.21โ$0.24, confirming a potential trend reversal.
Entry Zone: $0.21โ$0.24 (previous support & demand zone)
Breakout Confirmation: Clear breakout from the wedge with retest
Targets:
๐ฏ $0.6010 โ mid-term target (231% upside from breakout)
๐งฒ $0.6402 โ 1.618 Fib extension
๐ $0.8610 โ long-term bullish target
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