Stellar Lumens (XLM) is stabilizing between $0.142 and $0.152, a critical Fibonacci zone that bulls are defending to prevent a decline towards $0.122. The market structure remains fragile, lacking a 5-wave bullish advance, which leaves the price action in a corrective sideways state. XLM is trading around $0.1504, reflecting a 0.45% decline over the past 24 hours, according to CoinMarketCap.
Technical analysis suggests XLM is attempting to form a base, with the price moving sideways since the February 6 low. The current support band is marked by Fibonacci retracement levels at 50% ($0.1525), 61.8% ($0.1485), and 78.6% ($0.1429). Without a confirmed bullish structure, a break below $0.142 could lead to further declines towards $0.122. Conversely, if support holds, XLM could target resistance near $0.1573 and potentially $0.170, contingent on improved volume and positive catalysts.
XLM Stabilizes Amid Fragile Market, Key Support Levels in Focus
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