๐ XLMโS NEXT BREAKOUT HAS TWO LEVELS TO CLEAR
$XLM has formed a local higher low around $0.15โ$0.16, but the broader weekly structure still contains lower highs.
The recent recovery reached approximately $0.238 before pulling back. Fibonacci support sits near $0.204, $0.194 and $0.184.
Holding $0.18โ$0.20 could help $XLM build another higher low before challenging $0.235โ$0.25.
The descending trendline remains overhead. A confirmed weekly breakout and successful retest would strengthen the recovery scenario.
The next major test is $0.2964, closely aligned with the 1.618 extension near $0.2924.
Turning that resistance into support would open the larger path toward $0.5216, approximately 157% above the chartโs $0.2029 price.
Beyond that, $0.6056 becomes the next historical reference.
Losing $0.18 would put the $0.145โ$0.16 base back in focus. A sustained weekly break below $0.145 would undermine the local higher-low structure.
Can $XLM turn this base into a confirmed weekly reversal?
$XLM has formed a local higher low around $0.15โ$0.16, but the broader weekly structure still contains lower highs.
The recent recovery reached approximately $0.238 before pulling back. Fibonacci support sits near $0.204, $0.194 and $0.184.
Holding $0.18โ$0.20 could help $XLM build another higher low before challenging $0.235โ$0.25.
The descending trendline remains overhead. A confirmed weekly breakout and successful retest would strengthen the recovery scenario.
The next major test is $0.2964, closely aligned with the 1.618 extension near $0.2924.
Turning that resistance into support would open the larger path toward $0.5216, approximately 157% above the chartโs $0.2029 price.
Beyond that, $0.6056 becomes the next historical reference.
Losing $0.18 would put the $0.145โ$0.16 base back in focus. A sustained weekly break below $0.145 would undermine the local higher-low structure.
Can $XLM turn this base into a confirmed weekly reversal?