Technical analysis by ThomasForexTips about Symbol XLM: Buy recommendation (14 hour ago)

The price action for Stellar has recently broken out of a broader, consolidating structure, signaling a significant shift in the short-to-medium term bias from range-bound to definitively bullish. The recent surge has successfully overcome the overhead diagonal resistance, confirming a structural break. This movement positions the market for a sweep of existing liquidity zones, often characterized as "buy stops" or $$$ liquidity above prior swing highs. The immediate technical setup projects a series of three sequential upside targets. The initial objective for the breakout is set at $0.41056400. A successful continuation and closure above this level would unlock the path to the second, more significant target at $0.42546049. Finally, the high-probability target, aligned with the next major liquidity pool, is clearly defined at $0.43377385. This move is supported by renewed volume and a decisive close above the established horizontal resistance, validating the current long setup. Traders will be monitoring price behavior at each target for potential profit-taking or further momentum confirmation.The initial breakout objective at $0.41056400 has been successfully reached. Price action now shifts focus toward the next target at $0.42546049. Traders should monitor volume and momentum for signs of continuation or potential resistance at this level.