Alex Dudov
⬤ XLM is holding firm above its ascending trendline around $0.2402, showing early signs of a possible bounce after weeks of consolidation. The 4H chart shows the asset staying supported despite multiple retests of this upward sloping line. Price stability at this level has traders watching closely for renewed buying pressure that could push XLM toward higher targets.
⬤ The critical resistance zone sits at $0.26–$0.27, an area that's rejected XLM multiple times in recent weeks. That's the main upside target if buyers confirm a bounce from current trendline support. The invalidation point is clear: a close below $0.225 would signal a structural breakdown and potentially shift the current bullish setup into broader consolidation.
⬤ XLM continues respecting its rising structure even as momentum cools, with volume staying moderate throughout the recent price action. The technical setup points to a potential recovery path if support holds. A confirmed move higher would match previous reactions from this same support level, while a breakdown would likely trigger deeper consolidation and threaten the established trend.
⬤ This is a pivotal moment for XLM. The asset sits at a structural crossroads that could define near-term sentiment for Stellar. A clean rebound would reinforce confidence in the trend, while a sustained drop below support would signal growing market uncertainty. How XLM reacts here will likely shape its short-term technical direction heading into the next major price zones.
Alex Dudov
