Technical analysis by Se7enSkies about Symbol XLM on 6/22/2025

XLM has been stuck in a descending channel since December 2024 (7 months now). For XLM to form a reversal it needs to hold onto orange support level. If XLM loses this support, then the next level of support will be at the bottom of the descending channel, which is around 15-17 cents. If XLM manages to form a reversal around the orange support, and break above the descending channel, then the initial target will be 0.6 - 0.8 USD.