🌟 Stellar ( $XLM ) Prints Relief Bounce — Reversal or Just a Dead Cat? 🌙
Stellar is trying to break free after a steep correction that wiped out much of July’s gains. The 4H chart shows a strong bounce from the $0.36 zone — but bulls still need to reclaim key moving averages to flip the script.
📊 Technical Snapshot:
Current Price: $0.3972
MA 7: $0.3817 ✅ regained
MA 25: $0.3943 ✅ challenged
MA 99: $0.4324 🧱 strong resistance
🧭 Key Levels to Watch:
Resistance:
$0.4050 — short-term ceiling
$0.4320 — MA 99 dynamic resistance
$0.4580 — major swing high
Support:
$0.3820 — MA 7/25 cluster
$0.3600 — recent bounce base
🌀 Momentum Outlook:
XLM has reclaimed short-term bullish structure but is still trading below the long-term trendline. A break and close above $0.4050–0.4150 could open the gates for a rally to $0.45+.
If rejected again, expect a retest of the $0.36 support zone — and things could get ugly if that breaks.
💬 Sentiment Check: Can XLM ride the wave of this bounce or are bulls walking into a trap?
