⬤ XLM keeps grinding lower against the dollar. Weekly candles are now testing a support area that’s been building over years. The move has followed a textbook corrective pattern — no panic, just steady selling pressure working its way down toward where buyers have historically stepped in.
⬤ Zooming out, Stellar has been trading inside a descending resistance channel since 2018. After rallying hard in late 2024, XLM hit the upper edge of that channel and stalled — classic. The pullback since then has stayed clean, respecting trendlines without triggering any real structural damage.
⬤ Fibonacci levels are pointing to a support cluster starting around $0.16 and stretching down to roughly $0.10. That zone lines up with old consolidation areas and the long-term trendline rising from the 2020 low. A major bottom could form around February — but don’t rule out one more leg down before that happens.
⬤ For mid-cap crypto in general, XLM is worth watching closely here. If Stellar holds this support and bounces convincingly, it signals the broader correction may be winding down. A break below without recovery, though, would likely extend the pain further — at least for now.
XLM Drops Toward $0.10–$0.16 Support — Will Stellar Lumens Find Its Bottom?
⬤ XLM keeps grinding lower against the dollar. Weekly candles are now testing a support area that’s been building over years. The move has followed a textbook corrective pattern — no panic, just steady selling pressure working its way down toward where buyers have historically stepped in.
⬤ Zooming out, Stellar has been trading inside a descending resistance channel since 2018. After rallying hard in late 2024, XLM hit the upper edge of that channel and stalled — classic. The pullback since then has stayed clean, respecting trendlines without triggering any real structural damage.
⬤ Fibonacci levels are pointing to a support cluster starting around $0.16 and stretching down to roughly $0.10. That zone lines up with old consolidation areas and the long-term trendline rising from the 2020 low. A major bottom could form around February — but don’t rule out one more leg down before that happens.
⬤ For mid-cap crypto in general, XLM is worth watching closely here. If Stellar holds this support and bounces convincingly, it signals the broader correction may be winding down. A break below without recovery, though, would likely extend the pain further — at least for now.