$XLM Eyes $0.179 Again – Will the Fourth Test Finally Break It?

Stellar’s $XLM is approaching $0.179 resistance for a fourth consecutive retest. A clean breakout could ignite a 20% rally toward $0.22, per chart analysis.

Stellar’s $XLM is back at a level that has stopped every rally since February. The $0.179 resistance has held firm through three separate rejections. Now price is knocking again.

The same pattern has played out each time. A push toward $0.179, a rejection, then a slide back to the $0.147 support. The channel has stayed intact for months, and traders watching the XLM daily chart know the drill.

The Level That Keeps Saying No

According to alicharts on X, $0.179 is the main level to watch for Stellar right now. The analyst pointed out that this marks the fourth consecutive retest of that ceiling.

Historically, alicharts noted, this zone has acted as a sell area. Supply sitting at that price has absorbed every rally attempt so far. But the math is shifting.

In technical analysis, repeated tests of the same level tend to erode the supply sitting there. Each time buyers push to $0.179, sellers get absorbed. The fourth test carries more weight than the first.

Four Tests and a Potential Shift

Alicharts on X said the setup is now about watching for a daily close above $0.179. That close, if it comes clean, would point to supply exhaustion at the ceiling.

A confirmed breakout, per the same analysis, could trigger a 20% rally. The target sits at $0.22.

The $0.147 support has held as the lower bound of this channel throughout the period. Each rejection at the top has sent price back to that floor. That base has not broken.

Stellar’s price action over this stretch has been mechanical. The XLM trading structure has attracted continued watch from chart traders who track channel behavior.

Supply Exhaustion or Another Rejection

The setup is straightforward. Either sellers hold again, or they don’t. A fourth rejection keeps the channel intact and sends XLM back toward $0.147. A breakout opens the path to $0.22.

What makes this retest different is the count itself. Three failed breakouts already behind it. The level has been tested more than any other point in this structure.

That frequency matters. Each failed rejection requires fresh selling pressure to maintain. At some point, the supply runs thin.

Alicharts flagged no confirmed breakout yet. The watch is for a daily close. Not an intraday spike, not a wick above $0.179.

Disclaimer: This article is based on technical analysis and third-party chart sources. It does not constitute financial or investment advice. Cryptocurrency markets carry significant risk. Trade and invest based on your own research.