XLM Chart Signals Continued Rally Toward $0.80 Th

XLM Chart Signals Continued Rally Toward $0.80

The technical chart presented by market observer BigMike7335 shows a bullish formation in XLM. There is a higher highs and higher lows structure in this chart, likely on a 4-hour or daily chart, showing a traditional uptrend.

There is a breakout using a large green candle with increased trade volumes, confirming market sentiment. Even more relevant, there is a potential golden cross in the works, a situation in which a shorter-term moving average breaks above a longer-term one, typically bullish.