Stellar (XLM) is at a critical juncture, with price action across multiple timeframes signaling either a breakout or continued consolidation. After correcting from its November 2024 peak of $0.64, XLM has been range-bound. 4-Hour Chart: Testing Major Resistance XLM has been recovering after bottoming near $0.25, aligning with the 0.618 Fibonacci retracement. This accumulation zone fueled a breakout from a descending wedge, hinting at a potential reversal. Now, the price faces two critical resistance levels : the descending trendline from the corrective structure and the 0.618 Fibonacci level at $0.30. A decisive close above this level could trigger a rally toward $0.32 and $0.35. However, failure to break through may send XLM back to $0.274 support. 1-Hour Chart: Consolidation Within Key Range On the 1-hour timeframe, XLM is holding support at $0.274, aligning with the daily 200-period SMA. The price is consolidating between $0.29 and $0.305, where the 50-period SMA acts as resistance. A sustained move above $0.305 could ignite bullish momentum toward $0.35. Conversely, rejection at this level increases the risk of a decline to $0.26, with further downside toward $0.2368 if selling pressure intensifies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Short-Term Prediction: Volume Holds the Key On the 15-minute chart, $0.3522 remains a key resistance zone. For an upside breakout, XLM needs strong buying volume to push past $0.305. A surge in demand could propel the price higher, but weak momentum may lead to further consolidation or downside movement. Traders should watch for a decisive move in the coming sessions. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Stellar (XLM) on the Brink of a Massive Move as Pressure Mounts appeared first on Times Tabloid .
