🌌 XLM/USDT – IS THIS THE BOTTOM FOR A SHORT-TERM RECOVERY?

Current Price: $0.2658

Time Frame: 4H

Updated Date: 05/06/2025

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📍 CHART OVERVIEW

• After a strong increase from the $0.25 zone to $0.33, XLM has undergone a correction that lasted more than 2 weeks.

• The current price is fluctuating in the old bottom zone of $0.264 – $0.266, very close to important support and showing slight recovery signals.

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📊 TECHNICAL ANALYSIS

🟠 Price Structure

• The short-term trend remains bearish, but the price is approaching the nearest bottom of $0.25168.

• This is a zone that previously created a strong bounce → potential for being bought back by accumulating sharks.

🔎 Important Price Zones

• Short-term Support: $0.264 – $0.251

• Nearby Resistance: $0.276 (coinciding with the TP level set on the order)

• Strong Resistance: $0.2806 – $0.298

🧠 Price Behavior & Volume

• Volume in recent declines tends to weaken → selling pressure is diminishing.

• The candle is testing the old support zone without breaking deeply → a double bottom pattern may form if the price rebounds in the next session.

🔁 Moving Average

• MA5 & MA10 are flat → the market is entering a waiting zone for a breakout.

• The MA crossover has not confirmed a clear trend, but a “bullish cross” may occur if the price exceeds $0.276.

🎯 TRADING STRATEGY

Entry: $0.265 - $0.266

TP1: $0.276

TP2: $0.2806

SL: 0.252

🧠 SUMMARY

XLM is in a high potential zone for short-term bottom fishing. The market does not show strong reversal signs yet, but a technical bounce towards nearby resistance can be expected, especially as selling pressure is clearly weakening.

💬 Are you bottom fishing XLM or waiting for a breakout? Comment your strategy below!

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