Hi friends, hope you are well, and welcome to the new update on Stellar ( XLM )

Broke out the channel:
On a daily time frame, the priceline of Stellar was moving in a down channel since 10 Nov 2021. Now after finding support at $0.2550 the price action of XLM broke out the resistance of this channel.

Re-entering in a wedge:
On a weekly time frame, the price action of stellar was moving below the support of a big rising wedge pattern. There was also additional support of a 100 simple moving average below the priceline and Stellar is bounced from this SMA and making a powerful attempt to re-enter the big wedge.

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