TL;DR
Stellar nears critical $0.32–$0.30 support zone after rejection at $0.45 resistance.
Long liquidations dominate, with $192K closed as XLM slips from the $0.40–$0.45 range.
Protocol 23 upgrade on September 3 adds attention as traders watch for a breakout setup.
Price Moves Toward Demand Zone
Stellar (XLM) was trading at $0.36 at press time, with a 24-hour volume of $288 million. The token is little changed on the day but has fallen 7% over the past week.
Alpha Crypto Signal noted that XLM is approaching a key support area.
“The rejection from the $0.45 resistance is playing out cleanly, and price action is now inching toward that key demand area at $0.32–$0.30,” the group said.
They added that this zone remains their focus for accumulation. The daily chart shows that XLM is under pressure after being rejected from $0.45. The asset is now heading toward the $0.32–$0.30 range, which has previously served as a base for rebounds.
#XLM Update:$XLM is gradually sliding
We współpracy z: https://cryptopotato.com/is-stellar-xlm-setting-up-for-its-next-major-breakout/
