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Following
1/28/2021 3:56:40 PM GMT
XLM price is currently inside a descending triangle pattern on the 12-hour chart.
Stellar experienced a significant spike in bullish sentiment over the past 48 hours.
The digital asset aims for a significant 30% breakout towards $0.37.
Stellar had a considerable price spike towards $0.411 on January 7 and has been consolidating ever since. The digital asset is currently trading inside a descending triangle pattern on the 12-hour chart awaiting a breakout.
XLM price needs to break $0.28 to see a massive breakout
Stellar has established a descending triangle pattern on the 12-hour chart with the resistance trendline formed at $0.28. A breakout above this point will drive XLM price towards $0.37, a 31% move to the upside.