Stellar XLM Develops Bullish Reversal Pattern Aiming for $1 Targets

Inverse Head-and-Shoulders Formation: Stellar (XLM) is forming an inverse head-and-shoulders pattern, with a neckline resistance around $0.47 indicating potential for a breakout, while Fibonacci extensions suggest targets up to $1.

Accumulation Zone and Fibonacci Support: The current trading zone between $0.32 and $0.36 serves as a strong support area for accumulation, aligning with Fibonacci retracement levels, as traders await a breakout above the neckline.

Market Activity and Volume Decline: Trading volume has decreased by 26.32% in the last 24 hours, reflecting reduced market activity during this consolidation phase, with a current volume of $197 million.

Price Stability and Resistance Levels: Stellar is currently trading at $0.3616, with immediate resistance at $0.365; stability in this range indicates market participants are waiting for a clear direction before making significant moves.