Stellar Lumens (XLM) is at a pivotal crossroads, struggling below the 200 EMA—a clear sign of sustained bearish momentum. The 15-minute chart shows a sharp rejection from this level, accelerating downside pressure, while the 1-hour chart confirms a decisive break below the uptrend line. With selling pressure intensifying, XLM is now clinging to the crucial $0.2770 support, a level that could dictate its next major move.
Bearish Scenario: Breakdown Could Trigger a Drop to $0.2612
Bears are relentlessly testing $0.2770, signaling growing weakness. A firm break below this support could unleash further selling, driving XLM toward the next key level at $0.2612. If bearish momentum persists and buyers fail to defend this zone, XLM could see an even steeper decline, shaking market confidence. A breakdown at $0.2620 might open the door for a deeper correction, forcing bulls into a defensive stance.
Bullish Scenario: Buyers Aim for Recovery Above $0.2900
Despite the prevailing sell pressure, bulls have a fighting chance if they can hold $0.2770. A strong rebound from this level could send XLM climbing toward $0.2900. Breaking above this resistance would weaken the bearish outlook, potentially shifting momentum in favor of the bulls. If buying interest intensifies, XLM could surge beyond $0.2950, signaling a sustained recovery and reigniting optimism in the market.
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Key Takeaway: $0.2770 is the Decisive Battleground
XLM’s fate hinges on $0.2770. A breakdown could accelerate losses toward $0.2612, while a successful defense may fuel a bullish reversal. Traders should closely watch this level, as it will likely determine the cryptocurrency’s next major move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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