Stellar (XLM) Technical Analysis – Market Update
Stellar (XLM) has shown resilience by reclaiming the $0.25 support level after a fakeout, signaling a potential local bottom. The market structure suggests two possible scenarios, depending on how price reacts around key support zones.
Current Key Levels:
Support Zones: $0.28 – $0.285 and $0.25
Resistance Zones: $0.30, $0.325, $0.36
Primary Scenario (Most Likely):
A minor dip toward $0.285, followed by a strong bullish reaction.
If XLM reclaims and holds $0.295–$0.30, expect a rally toward $0.325 and then $0.36.
Entry (Long):
Around $0.285–$0.29, after confirmation of bullish reversal.
Targets:
TP1: $0.30
TP2: $0.325
TP3: $0.36
Stop Loss:
Below $0.275 (to protect against downside risk)
---
Alternative Bearish Scenario:
If XLM fails to hold $0.285 and doesn’t reclaim $0.295:
It may drop to retest $0.26–$0.25 to fill previous imbalances before a stronger rebound.
Traders should closely monitor the reaction near $0.285 to determine strength. A strong bounce = bullish continuation; weak bounce = deeper retrace likely.