#XLM Short and to the point.

The asset is trading in a descending narrowing channel. We’re looking at it on the daily timeframe.

The full SHORT checklist is confirmed by Ichimoku.

Support zone: 0.3272 – 0.3371

If the price breaks and consolidates below this range, it may move to test the cycle low around 0.2224.

Resistance zone: 0.4033 – 0.4144

A positive scenario can be considered if this range is broken and confirmed.