Is This the Calm Before XLM’s Jump to $0.50?

TL;DR XLM holds firm at $0.35, setting up for a potential triangle breakout to $0.50. MACD and RSI show weakening momentum, with bears still controlling the daily ￰0￱ interest on XLM futures has decreased after a sharp spike last ￰1￱ Holds Near Key $0.35 Level Stellar (XLM) is trading at $0.36 after falling 7% in the past 24 ￰2￱ the last week, the asset has declined by 5%. The current price sits just above a key support zone at $0.35, a level that has previously shown strong buying ￰3￱ to crypto analyst Ali Martinez, the recent dip was not ￰4￱ stated , “Stellar $XLM dipped to $0.35 as ￰5￱ this level holds, consolidation toward the triangle’s apex could set up a breakout to $0.50.” The $0.35 area remains an important zone for traders watching for a shift in trend.

Notably, the 12-hour chart shows a descending triangle formation, which has been developing over the last several ￰6￱ is now near the lower support boundary of this ￰7￱ price has respected this range before, making the current level a key point to watch.