$XLM trades inside the $0.235 horizontal support area.

The XLM price has trended downward since November 2024. The weekly chart indicates that XLM has been falling under a diagonal resistance since November 2024.

The most recent touch of the trend line was in August (red icon).

Since then, the breakdown accelerated, taking the XLM price down to the $0.235 support area. This is a critical support area that has been in place since November 2024.

A breakdown below will confirm that the long-term trend remains bearish.

If that happens, the XLM price risks another plunge to new lows.

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XLMUSDT

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