Stellar (XLM) is currently trading at **$0.28**, stuck in a **tight range between $0.25 and $0.30**. The market has shown little movement over the past 10 days, leaving traders uncertain about the next big move. So, is it time to buy, sell, or wait? Let’s analyze the situation.
**No Trade Zone: Why Smart Traders Are Waiting**
XLM is in a **neutral zone**, meaning both upside and downside possibilities are equally distant. Making a trade in this range carries unnecessary risk. **The best strategy?**
If you’re bullish, wait for a dip near **$0.25** before entering.
If you’re looking to sell, **$0.30** is a strong resistance level.
**Key Levels to Watch**
✔ **Bullish Breakout:** If XLM **closes above $0.30** for two consecutive days, we could see a rally toward **$0.40+**.
✔ **Bearish Breakdown:** If XLM **drops below $0.25**, expect a further decline as support weakens.
**The Only Bullish Sign Right Now**
One positive indicator is the **uptrend support line**, where XLM has consistently bounced. As long as this trend holds, the price could retest **higher levels**. However, a breakdown below this trendline could trigger a sharper fall.
**Final Thoughts: What’s Next for XLM?**
For now, **XLM is range-bound**, and traders should avoid making impulsive moves. Watch for a breakout above **$0.30** or a breakdown below **$0.25** before taking action. Until then, patience is key!
📌 **What’s your prediction?** Will XLM break out or drop? Share your thoughts in the comments!