Stellar (XLM) is showing early recovery after recent lows, as buyers cautiously return, says analyst HolderStat. Nevertheless, a descending trendline poses a critical resistance that could limit upward momentum.
Source: HolderStatStellar is currently trading at $0.2096, just below the key $0.225 resistance, according to CoinGecko. While HolderStat notes market momentum has stabilized, XLM faces cautious conditions. A break above this trendline could shift the token from short-term consolidation into a bullish trajectory.
Descending trendlines often serve as key resistance levels, and for XLM, this line has repeatedly capped rallies, underscoring the need for a decisive breakout.
A sustained move above $0.225 could reignite investor interest and spark a stronger upward trend. Notably, Stellar recently led market bullish sentiment despite minor price dips, showing that investor optimism often precedes gains.
What’s the takeaway? Well, Stellar’s recent price action signals cautious recovery amid post-volatility consolidation. Bulls are gradually gaining control, but a decisive push is needed to break key resistance and sustain upward momentum.
Meanwhile, Stellar’s strong fundamentals, such as fast transactions, a focus on cross-border payments, and growing institutional adoption, continue to drive long-term interest. CME Group’s announcement of Stellar futures next month, alongside Cardano and Chainlink, underscores accelerating institutional demand.
Therefore, Stellar’s gradual rebound signals cautious optimism. A decisive break above the $0.225 trendline could unlock further gains, though XLM still faces strong historical resistance.
Source: https://zycrypto.com/stellar-xlm-struggles-xrp-rival-faces-short-term-downtrend-battle/
