Stellar (XLM) trades near $0.41 after hitting resistance twice at $0.50, with analysts watching critical support at $0.33 and deeper backup at $0.22.
XLM Price Struggles Against $0.50 Resistance Wall
Stellar (XLM) is currently trading around $0.4069, down 4.10% on the day. The digital asset has been stuck in consolidation mode after repeatedly bouncing off the $0.50 resistance level, where sellers have consistently stepped in to block further upside momentum.
Chart analysis from @ali_charts on X shows XLM has now failed twice to break through this crucial barrier, creating a clear pattern of rejection that's keeping bulls on the sidelines. Until buyers can reclaim the $0.50 level with conviction, Stellar looks destined to remain range-bound in the near term.
Critical XLM Price Support Zones Define Next Move
Two key support levels will determine Stellar's next direction. The immediate safety net sits at $0.33 – a level that previously acted as a breakout point back in July and could now serve as a launching pad for recovery attempts.
Should selling pressure intensify and push XLM below $0.33, the next major test comes at $0.22. This deeper support zone has proven its strength historically, but a breakdown here would likely trigger more significant corrections.
For now, traders are keeping a close eye on whether Stellar can defend the $0.33 level and potentially set up another run at cracking that stubborn $0.50 resistance barrier.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
XLM Coin News Faces Make-or-Break Moment at $0.33 Support
Stellar (XLM) trades near $0.41 after hitting resistance twice at $0.50, with analysts watching critical support at $0.33 and deeper backup at $0.22.
XLM Price Struggles Against $0.50 Resistance Wall
Stellar (XLM) is currently trading around $0.4069, down 4.10% on the day. The digital asset has been stuck in consolidation mode after repeatedly bouncing off the $0.50 resistance level, where sellers have consistently stepped in to block further upside momentum.
Chart analysis from @ali_charts on X shows XLM has now failed twice to break through this crucial barrier, creating a clear pattern of rejection that's keeping bulls on the sidelines. Until buyers can reclaim the $0.50 level with conviction, Stellar looks destined to remain range-bound in the near term.
Critical XLM Price Support Zones Define Next Move
Two key support levels will determine Stellar's next direction. The immediate safety net sits at $0.33 – a level that previously acted as a breakout point back in July and could now serve as a launching pad for recovery attempts.
Should selling pressure intensify and push XLM below $0.33, the next major test comes at $0.22. This deeper support zone has proven its strength historically, but a breakdown here would likely trigger more significant corrections.
For now, traders are keeping a close eye on whether Stellar can defend the $0.33 level and potentially set up another run at cracking that stubborn $0.50 resistance barrier.