XLM is sitting at a decision level, not a breakout level.

Price remains locked inside a descending channel on the daily. Every rally has been sold, and that keeps the macro bias bearish. However, price is now pressing against channel support near 0.14, which historically is where reactions happen.

Key observations:
-Multiple tests of channel support without acceleration lower.
-Momentum is still negative, but downside pressure is contracting, not expanding.
-That often precedes a relief move, not a trend reversal.

What would change the narrative:
-Reclaiming the descending trendline.
-Acceptance above it, not just a wick.

If that happens, upside references sit near 0.24 first, then 0.30. If 0.14 fails decisively, there is no structure left to defend. Right now, XLM is a hold-or-fail zone, not a chase.