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$XLM is acting very strange at this level.
If you look at the daily chart, we just came off a rejection at 0.1847 and now we’re sitting at 0.1759. It looks like a classic "wait and see" moment. We had a nice run up from the 0.1500 bottom, but the momentum is stalling a bit here.
The support around 0.1700 is the big one to watch. As long as we stay above that, the trend is still technically up, but these red candles are starting to stack. Volume is sitting around 49M, which isn't exactly a breakout signal yet.
If we can't flip 0.1800 into support soon, I wouldn't be surprised to see a deeper retest of the 0.1650 area.
The order book is pretty balanced, so no clear winner between bulls and bears right now. I’m staying patient on this one.
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