Stellar (XLM) is testing a crucial support level between $0.20 and $0.24 as market volatility persists. The cryptocurrency has dropped over 8% in the past week, contributing to more than $518.83 million in market liquidations. XLM remains in a descending triangle pattern, with buyers defending the support zone for several months. A potential rebound could occur if XLM holds above $0.20 and surpasses the 100-week moving average near $0.3276. Conversely, a breakout above the trendline resistance at $0.35 might indicate a broader market reversal, while a close below $0.20 could lead to further declines toward $0.13.