Thoughts on #XLM :

@Follow&Like

$XLM is range-bound on the 4H chart, consolidating between $0.2600 support and $0.2760 resistance. The most recent attempt to reclaim the range highs was rejected at both the 100 SMA and horizontal resistance, pushing $XLM back toward the midrange near $0.2670.

Short-term structure leans bearish while trading below the 50 EMA and 100 SMA. However, this area near the midrange has been a bounce zone in the past, so bulls still have a chance to hold the range.

A clean break above $0.2760, backed by volume, could open up a move toward $0.2810 or higher. Conversely, if price rolls over from here and loses the $0.2600 support floor, that could trigger a breakdown and initiate a new leg lower.

Midrange chop = caution. Wait for a clear move to the range extremes before considering high-conviction plays.