Will XLM provide a secondary alpha trade this year?

Note: This section contains information in English only.
Source: Dukascopy Bank SA
XLM (Stellar) could deliver a secondary alpha trade this year if it maintains support around $0.26 to $0.30 and manages a breakout from its current bearish setup.



In the shorter time frame, further bullish momentum could test the resistance zone around 0.30000. If a breakout is successful, sustained buying pressure will be necessary to drive the price higher toward the 50.00% Fibonacci retracement level on the daily time frame. This would indicate a stronger recovery and may attract additional traders looking to capitalize on the shift in momentum.



Overall market bullishness may spill over into the crypto space, helping to fuel renewed investor confidence and upward momentum in digital assets. As traditional markets strengthen, risk appetite often increases, leading traders to allocate more capital to alternative assets like cryptocurrencies.

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