$XLM Update: Key Support Under Test
$XLM has been trending downward steadily and is now approaching an important support zone. Selling pressure appears to be easing, with recent candlesticks showing hesitation rather than strong bearish follow-through.
This support area has historically acted as a significant reaction point. After extended declines, price often becomes volatile around such levels as traders reevaluate risk and positions.
If the support holds, a relief bounce toward nearby resistance could occur, especially if accompanied by increased volume. Conversely, a decisive break below this zone would signal that bears remain in control of the trend.
XLM
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is at a pivotal level, and how it reacts here is likely to determine the next directional move.