Stellar (XLM/USDT) – 1H Technical Analysis
Trend: Price has been respecting a descending trendline, but is now attempting to break above it, signaling possible short-term trend shift.
Structure: A key support–resistance flip zone around 0.155–0.157 (grey area). Price is currently testing this zone from above.
Support: 0.155 → 0.150
Resistance: 0.160 → 0.165
RSI (14): ~57, moving above 50 → growing bullish momentum.
Bias:
Short-term: Cautiously bullish while holding above 0.155.
A clean break and hold above 0.160 could open move toward 0.165–0.170.
Losing 0.155 would invalidate bullish setup and favor continuation lower.
Idea:
Buy pullbacks above 0.155 with tight stop below 0.150
Short only if price rejects and closes back below 0.155
@Stellar $XLM #xlmcoin #xlm