$XLM Clings to Support – Breakout or Breakdown Ahead?
XLM is currently trading at $0.4619, hovering just above a key support level. The asset has shown multiple rejections at higher levels, and volume remains subdued. A breakout or breakdown from this tight range could define the next short-term move.
Key Levels to Watch
Resistance Zones:
• $0.4680 – Local resistance
• $0.4750 – Reversal trigger
• $0.4800 – Strong breakout level
Support Zones:
• $0.4590 – Immediate demand
• $0.4520 – Breakdown zone
• $0.4460 – Major daily low
Trade Setup
Bullish Entry: On breakout above $0.4680 with strong volume
• Target 1: $0.4750
• Target 2: $0.4800
Bearish Entry: If price loses $0.4590 support
• Target 1: $0.4520
• Target 2: $0.4460
XLM is trapped in a narrowing range. A decisive breakout above $0.4680 or breakdown below $0.4590 will likely set the tone for the next move. Monitor closely.