Stellar XLM don break trendline, dem go test $0.25 support
Stellar XLM don extend e decline after e bin dey reject for $0.2815 resistance well well and false breakout, e first drop by 2.2% come reach $0.2727 with volume wey big pass normal by 62% (42.6M tokens). The downtrend come sharp as XLM break dia ascending trendline for $0.2521, e drop 1.2% more reach $0.2548 with volume wey big pass normal by 78% (30.4M). Dem don break key support for $0.2709 and $0.2527. The next target na the $0.25 psychological level, and resistance dey around $0.2607. Technical indicators show say bearish momentum dey grow. Traders suppose dey watch volume spikes and support levels for any continuation or reversal wey fit come.
Bearish
Both summaries dey report consecutive price drops, repeated resistance rejections, plus breaches of ascending trendline and key support levels, accompanied by big volume spikes. These factors confirm say bearish momentum dey increase, suggesting traders fit expect more downside for XLM. Short term, di breached supports at $0.2709 and $0.2527 dey point to test of $0.25, while any recovery still dey capped by overhead resistance. Long-term outlook remain cautious until XLM secure volume-backed breakout above resistance levels.