Stellar Lumens Strong

Stellar Lumens has briefly pulled back from relative highs at the psychologically and technically significant $0.50 level. It found support at the central moving average of the KRI at $0.41. Both Kovach momentum indicators are bullish, indicating that XLM is just getting started, though we must break $0.50 which seems to be a significant sticking point for XLM. If we retrace, we'll see support from $0.43, and $0.40, the upper bound of the range we saw several days ago, and the central moving average of the KRI at this time. Then we'll see further support from below at the lower bound at $0.35. If we can continue the breakout from current levels, then we will face resistance from congestion at $0.47 again, which we've noted before, then again at the psychological and now technical level of $0.50, but after that there is a vacuum zone from above until $0.65.

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