Technical analysis by kointimes about Symbol XLM on 8/7/2025

Stellar (XLM) has recently made a strong rise in the early July, passing through various price jams. This ascension began with the upward breaking of the converging triangle formation in the graph. Although the price quickly rises to 0.55 levels after this break, it is currently traded in Descending Channel. This structure technically shows that the pressure continues in the short term. 🔹 Support Zone: 0.37 - 0.35 🔹 Resistance Zone: 0.47 - 0.49 🔹 Positive pricing can be expected if the channel breakage is upward. 🔹 Otherwise, the price in the scenario is likely to maintain the horizontal - lovely movement within the channel. The Chaikin Oscillator indicator peaked during the rise, but then points to the weakening volume. This suggests that the current correction may be a healthy consolidation process.