XLM Surges Past $0.19, But Can Bulls Keep the Momentum?
XLM broke above $0.19 on September 18, extending its weekly gain to over 6%. The move puts buyers in a stronger position, but the breakout was not yet confirmed when the latest four-hour chart was captured.
The price of XLM has been steadily increasing, and clearing this barrier could be a sign that bulls have returned. If it holds above $0.19, the level between $0.194 and $0.197 may come into focus.
Buyers will then attempt to push past the psychological level of $0.20 and above, potentially leading XLM towards the region of $0.21 and $0.22. However, there are concerns about whether there are enough trades to support this breakout and make it last.
The wider chart remains positive, with XLM trading above four key average price lines. This suggests that the coin's latest prices are stronger than the trend, giving buyers an advantage as long as the price remains above these lines.