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Stellar Lumens’ pullback was headed to key support levels at $0.3 and $0.36 An upside liquidity sweep could influence a likely price rebound toward $0.50.  Stellar Lumens [XLM] pumped 45% in early January but erased some gains. The recent market sell-off could offer swing traders and investors another buying opportunity. After soaring from $0.30 to nearly 50 cents, XLM’s ongoing pullback was headed toward key levels that could interest bulls again.  Stellar Lumens price prediction Source: XLM/USDT, TradingView First, the New Year’s upswing flipped the daily chart market structure bullish. This could be shifted if the retracement extended below the recent low at $0.32.  Until that bearish market structure shift happens, the current outlook was primed for bulls. The recent pullback was about 18% and closed in on key levels of $0.36, and the December support stopped the holiday sell-off at $0.30.  The two levels could be market re-entry for bulls targeting overhead supply below $0.50 (red zone). A bullish idea would be invalidated if XLM extended its decline to below $0.30.  Source: XLM/USDT, TradingView The $0.30 support was further reinforced by the weekly charts, which marked the cyan area as a breaker block that could trigger a price rebound if defended.  Upside liquidity could attract XLM price From a liquidity sweep perspective, there were two upside liquidity levels worth tracking. The first was between $0.43 and $0.45, and the second was at $0.48. In most cases, these high liquidity zones always act as magnets for price action.  If so, they could be the next key upside targets to be tapped by a likely XLM rebound. Interestingly, the upper liquidity zone aligned with the supply zone below $0.50 on the price charts. In short, one could book partial profit at the first target and liquidate the rest when the price…

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Filed under: News - @ January 10, 2025 3:18 am