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Most traders are watching the price, but the real question is what happens at this level next.
$XLM went through a healthy correction after reaching the $0.1875 resistance, and that pullback was exactly what bulls wanted. Buyers stepped in fast and pushed the price back up.
The dip into the $0.1740 to $0.1760 zone saw strong buying pressure, leading to a solid recovery close to resistance once again.
Now the price is testing the $0.1860 to $0.1880 range.
If bulls can break above $0.1880 and stay there, the next move could reach the $0.1950 to $0.2000 area.
If sellers hold this level again, a short pullback toward the $0.1780 to $0.1800 support zone would be a normal move before another attempt higher.
Right now, the trend still looks positive with higher lows holding. The next direction depends on whether buyers can finally push through the resistance that stopped the last rally.
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