$XLM

Holding the Support – Is a Breakout or Breakdown Coming?

XLM is currently trading at $0.4619, hovering above a key support level. The asset has shown several rejections at higher levels, and trading volume remains low. A breakout or breakdown from this narrow range may determine the upcoming short-term movement.

Key Levels to Watch

Resistance Areas:

• $0.4680 – Local Resistance

• $0.4750 – Reversal Point

• $0.4800 – Strong Breakout Level

Support Areas:

• $0.4590 – Immediate Demand

• $0.4520 – Breakdown Area

• $0.4460 – Major Daily Low

Trade Setup

Bullish Entry: Upon breakout above $0.4680 with strong volume

• Target 1: $0.4750

• Target 2: $0.4800

Bearish Entry: If the price loses support at $0.4590

• Target 1: $0.4520

• Target 2: $0.4460

XLM is trapped in a descending range.

A decisive breakout above $0.4680 or a breakdown below $0.4590 is likely to set the tone for the upcoming movement.

Watch closely.