Stellar recently announced a major partnership news, which has made the position of XLM quite interesting. The current price is stuck at $0.214006. Based on the RSI of 38.9, it still appears to be in a weak consolidation phase in the short term. However, once this positive news is realized, there is a good chance of a rebound.



From a technical perspective, the key levels are as follows: support at $0.205400; if it falls below this, it’s time to cut losses. Resistance is at $0.222600, which is the first hurdle for an upward move. The breakout point is at $0.219400; once it stabilizes above this level, there will definitely be more room for upward movement.

From a trading standpoint, the current strategy is as follows — I already hold a position and plan to add some around $0.214006. If it successfully breaks through $0.219400, I will continue to add to my position for a chase. But the stop-loss must be set at $0.205400; this is the bottom line. If it drops below this, I will exit immediately without hesitation.

First, watch the resistance at $0.222600. If it gets broken through, hold on and see how high it can push. Honestly, Stellar’s recent partnership is definitely a positive, but the market is always unpredictable, so risk management must be in place at all times. Don’t get too emotional.

Price snapshot: support at $0.205400, resistance at $0.222600, breakout point at $0.219400. What do you think about this situation?
XLM-2,17%
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BlockchainArchaeologistvip
· 8h ago
Bro, this analysis is indeed detailed, but I'm still a bit worried. Is the news about Stellar's partnership real or just another round of hype? The $0.214 level looks good, but it feels a bit early to enter now. Wait, can it really continue upward after breaking through $0.219400? It seems like the resistance at $0.222600 might hold for a while. Honestly, the stop-loss at $0.205400 still needs to be maintained, or all the previous analysis will be for nothing. XLM can surge wildly when it rises. I remember the last partnership news was also hyped like this, but what happened... Before adding more, let's see how the market reacts. Don't get carried away by the good news. If it can truly break through $0.222600 this time, I’ll believe there’s a chance. Otherwise, better to stay on the sidelines for now—there are plenty of opportunities anyway.
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YieldFarmRefugeevip
· 8h ago
This move in XLM feels a bit like gambling. Good news is good news, but has it really materialized? I want to see if it can truly hold steady at 0.2194. Wait... the stop-loss is set at 0.2054... that seems a bit risky. Deciding to add positions needs careful consideration. Don't get swept up by the hype from the partnership news.
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SignatureAnxietyvip
· 8h ago
The cooperation news is indeed tempting, but I still think we should wait until it actually materializes before getting excited. It's a bit too optimistic to talk about a rebound now. RSI is only 38.9, not bottomed out yet. Be careful of catching a falling knife. If the support at $0.205 can't hold, I'll run and won't stay to watch it continue to fall. Only after breaking through 0.219 will I dare to act. Increasing my position now is just gambling on luck. There's never a shortage of uncertainties in this industry. You're right, and that's exactly why I always feel anxious, as if I keep stepping into traps every time.
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NFTHoardervip
· 8h ago
Honestly, I’ve also heard about the cooperation news, but whether XLM can break through this time depends on the market sentiment. The RSI is only around 38, which is indeed very weak. --- Be cautious when adding positions. If the $0.205400 level is broken, we must accept the loss and not be soft-hearted. --- There still seems to be some pressure around 0.222600. How to say it, it all depends on whether subsequent funds are willing to enter the market. --- The positive news is good, but there are too many variables. I still think it’s safer to wait and see. --- I don’t think this rebound will be too big, at most it will go to a little above 0.22, then it will drop again. --- Wait until it breaks through $0.219400 before considering chasing. Not many who follow the trend will have a good ending now.
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SleepyValidatorvip
· 8h ago
Another good news about the partnership... I just want to ask if this time it's another scam, XLM is too easy to be hammered down.
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