$XLM faced a healthy correction after touching the $0.1875 resistance zone, and the pullback did exactly what bulls wanted to see ... buyers stepped back in quickly.
The recent dip toward the $0.1740 - $0.1760 area attracted strong demand, leading to a sharp recovery back near resistance levels..
Now the market is once again testing the upper range around $0.1860 - $0.1880..
If bulls manage to break and hold above $0.1880, the next rally could extend toward the $0.1950 - $0.2000 zone.
However, if sellers defend this resistance again, another short-term pullback toward the $0.1780 - $0.1800 support area would not be surprising before the next attempt higher.
For now, the structure remains positive with higher lows still intact, but the next move depends on whether buyers can finally clear the resistance that rejected price previously.
$XLM
The recent dip toward the $0.1740 - $0.1760 area attracted strong demand, leading to a sharp recovery back near resistance levels..
Now the market is once again testing the upper range around $0.1860 - $0.1880..
If bulls manage to break and hold above $0.1880, the next rally could extend toward the $0.1950 - $0.2000 zone.
However, if sellers defend this resistance again, another short-term pullback toward the $0.1780 - $0.1800 support area would not be surprising before the next attempt higher.
For now, the structure remains positive with higher lows still intact, but the next move depends on whether buyers can finally clear the resistance that rejected price previously.
$XLM