Here we have two main support levels and XLM is trading above both.
The bottom hit December 2022 and a new bullish impulse started June 2023.
I believe we are yet to see Wave 5 of this bullish impulse.
How low it goes within the current correction is hard for me to tell because this can vary wildly based on many factors: overall market sentiment, Bitcoin, insiders, etc.
Regardless of where or when Wave 4 (correction) ends, additional growth is possible and highly probable with a 100% target around 0.248.
The whole chart structure is extremely bullish.
I hope you find this analysis useful.
Namaste.
The bottom hit December 2022 and a new bullish impulse started June 2023.
I believe we are yet to see Wave 5 of this bullish impulse.
How low it goes within the current correction is hard for me to tell because this can vary wildly based on many factors: overall market sentiment, Bitcoin, insiders, etc.
Regardless of where or when Wave 4 (correction) ends, additional growth is possible and highly probable with a 100% target around 0.248.
The whole chart structure is extremely bullish.
I hope you find this analysis useful.
Namaste.
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