XLM may be on the Verge of a 30% price rally due to its promising price action and a bullish breakout pattern. With over $3.05 million in XLM tokens withdrawn from exchanges, investor interest is growing. The open interest increase of 27% reflects traders’ appetite for long positions.
The significant price action for XLM identifies a breakout from a bullish head and shoulders pattern. If XLM breaches the resistance at $0.47 and sustains it, a surge to $0.60 is quite possible. These developments are further supported by favorable market sentiment and political factors.