Stellar Price Analysis: XLM Surges 11% in a Day, $0.1 Inbound?

bitcoinschannel.com

Initially, it struggled to break the resistance at $0.08, which is provided by the bearish .236 Fib Retracement level. XLM is now facing resistance at the upper boundary of this falling wedge and must penetrate above here to start a bullish push toward the 100-day & 200-days EMA levels.

Looking ahead, if the bulls break the upper boundary of the wedge, the first level of resistance lies at 763 (bearish .236 Fib Retracement & 100-days EMA). Above this, resistance lies at 781 SAT (200-days EMA), 800 SAT (1.618 Fib Extension), and 842 SAT (bearish .382 Fib Retracement).

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