Stellar (XLM)

🚨 $XLM continues to defend the green support zone despite months of selling pressure. The recent reaction from this area shows that buyers are still active, while the long-term descending trendline is now being tested once again. 📈

The key focus is the intersection between the purple trendline and the first yellow resistance zone. A confirmed breakout and weekly close above this region could mark the beginning of a larger trend reversal. Until then, volatility should be expected, but the structure is starting to look much healthier than it did a few weeks ago. 👀

Personally, I see this as one of the more interesting recovery setups among large-cap altcoins. As long as the green support area remains intact, I’ll be watching closely for a potential move into the higher yellow resistance zones over the coming weeks. ⚡️

Not financial advice.

#XLM #Stellar #Bitcoin #BTC #Ethereum #ETH

stellar:native
XLM is still testing micro support for wave 2 but there is no sign that a low has formed at this stage. This is a key spot. https://t.co/I7t02cjkBq