Stellar (XLM) entered the consolidation stage after going through a wavy process. It is currently testing critical support levels and searching for direction. If the recipients come into play, XLM can reach $ 0.44- $ 0.45 with a 16 %recovery. However, if sales pressure continues, the price may continue to decline.

First resistance for XLM: $ 0.40 level

XLM is currently trading at $ 0.38 and needs to hold on to $ 0.35 for a strong recovery. This level intersects with a 100 -day -old mobile average (EMA) and worked as a strong support in the past. If the price moves upwards from here, the psychological barrier, which is a psychological barrier $ 0.40 will be the first resistance to break.

Exceeding $ 0.40 can increase investor confidence and allow XLM to test higher levels. In particular, the range of $ 0.44- $ 0.45, which was previously rejected, may come up again. With the increase in the volume, the strength of the buyers can ensure the continuity of this rise.

Is XLM decrease? Critical support zones

If XLM loses $ 0.35 support, the decline may accelerate. The recent 200 -day EMA, which has recently stopped major sales, offers strong support at $ 0.33. However, if this point is broken, the XLM may decrease to $ 0.27, the lowest point before the rally in November.

Especially in Bitcoin, the weakness can cause additional pressure on XLM. If the $ 0.40 level is not recovered rapidly, this may encourage investors who have opened short positions and increase the acceleration of decrease.

$ 0.35- $ 0.40 for the direction of XLM is important

$ 0.35- $ 0.40 zone will be decisive for the future movement of XLM. If the price is held in this range, the possibility of rising may be strengthened and the target of $ 0.44- $ 0.45 may be brought up again. However, if support is lost, a decline to $ 0.33 and even $ 0.27.

In the coming days, market conditions and Bitcoin’s overall performance will play a critical role in the price movement of XLM. In particular, changes in transaction volume and investor sensitivity may be effective in determining the price direction. If the bulls seize control, XLM can soon make a strong recovery. However, if bears increase pressure, a sharp decrease may be seen towards lower levels. Investors should closely monitor these critical levels and determine the process strategies accordingly.