$XLM Breakdown Confirmed, All Eyes on $0.4420 Support Zone
XLM has broken down sharply from the $0.4600–$0.4650 resistance block, printing a series of lower highs and a bearish engulfing candle. Strong volume confirms the bearish sentiment, and the price is now resting on critical short-term support around $0.4420.
Key Levels to Watch
Resistance Zones:
• $0.4550 – First ceiling to reclaim
• $0.4600 – Mid-resistance
• $0.4650 – Bullish invalidation
Support Zones:
• $0.4420 – Immediate floor
• $0.4350 – Extended breakdown area
Trade Setup – Retest Rejection or Relief Rally?
Bearish Entry: Breakdown and close below $0.4420
• Target 1: $0.4350
• Target 2: $0.4280
Bullish Entry: Strong bounce above $0.4550 with volume
• Target 1: $0.4600
• Target 2: $0.4680
Momentum has clearly shifted to the downside. Bulls need a fast reclaim of $0.4550, or further weakness could drive XLM into deeper lows.