🚨 Technical analysis for the $XLM coin | 4-hour timeframe
🔹 Current price: 0.1816$ 📉 (-6.41% in 24h)
– It is moving within a clear downward trend, with continued formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with accelerated negative momentum, reflecting the weakness of any genuine rebound attempts so far.
– The 0.1689$ – 0.1537$ zone represents the main support / demand.
– It is trading near the 27.37 level in over-sold areas, which may support a temporary technical rebound.
🔼 Bullish scenario (upside):
If it holds and breaks above 0.2179$
🎯 0.2282$ – 0.2441$ – 0.2617$
🔽 Bearish scenario (downside):
If it breaks 0.1762$ with a 4-hour close
❌ 0.1689$ – 0.1537$ – 0.1352$
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless it is broken and holds above them.
$XLM #XLM
🔹 Current price: 0.1816$ 📉 (-6.41% in 24h)
– It is moving within a clear downward trend, with continued formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with accelerated negative momentum, reflecting the weakness of any genuine rebound attempts so far.
– The 0.1689$ – 0.1537$ zone represents the main support / demand.
– It is trading near the 27.37 level in over-sold areas, which may support a temporary technical rebound.
🔼 Bullish scenario (upside):
If it holds and breaks above 0.2179$
🎯 0.2282$ – 0.2441$ – 0.2617$
🔽 Bearish scenario (downside):
If it breaks 0.1762$ with a 4-hour close
❌ 0.1689$ – 0.1537$ – 0.1352$
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless it is broken and holds above them.
$XLM #XLM