Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide?
The post Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide? appeared on BitcoinEthereumNews.com. Stellar (XLM) is trading at $0.18. Sellers are dominating the market structure. After an extended downtrend, Stellar (XLM) has carved out a falling wedge, a pattern that resolves to the upside. Price is holding the lower trendline, and is seeing the buyers step in faster than before, a sign that selling pressure is losing its grip. The repeated wedge formations suggest bulls are quietly building a base rather than chasing price. A clean breakout above the descending resistance, backed by strong volume, could unlock a sharp relief rally, potentially targeting the next major resistance zones above current levels. A confirmed breakout could shift sentiment from bearish to cautiously bullish, and pull sidelined capital back in. Stellar is holding above its lower trendline, which keeps the current bullish structure intact. A breakout above the descending res