$XLM has spent the past several weeks in a controlled downtrend, consistently making lower highs and slowly compressing price into a clearly defined demand zone.
The recent reaction from this area suggests sellers are starting to lose momentum rather than pushing aggressively lower.
If buyers continue to defend this level, XLM could begin forming a base, setting the stage for a potential relief rally toward prior resistance.
Confirmation will depend on volume expansion and broader market stability.
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$XLM has spent the past several weeks in a controlled downtrend, consistently making lower highs and slowly compressing price into a clearly defined demand zone.
The recent reaction from this area suggests sellers are starting to lose momentum rather than pushing aggressively lower.
If buyers continue to defend this level, XLM could begin forming a base, setting the stage for a potential relief rally toward prior resistance.
Confirmation will depend on volume expansion and broader market stability.
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