Stellar [XLM] – Here’s what traders should look for after $0.30

Key Points

1. Stellar (XLM) has risen 31% since July 2nd after defending the $0.22 support level.

2. The weekly chart remains bearish unless XLM closes above $0.334, which would confirm a bullish reversal.

3. The $0.30 level is a psychological resistance point for XLM bulls, with a bearish order block noted between $0.295 and $0.32.

4. Traders in long positions may consider booking profits due to potential resistance and sideways movement.

5. Long-term investors might view recent pullbacks as a consolidation phase and consider accumulating XLM.