XLM returns to key support: Will $0.44 spark the next rally?

Key Points

1. XLM has revisited the $0.42-$0.44 demand zone, indicating a potential end to the pullback unless Bitcoin drops below $116.8k.

2. Stellar's recent 10.6% price drop coincided with a $20 million decrease in market cap, but spot CVD and Funding Rates suggest sellers are not dominant yet.

3. Fibonacci retracement levels from June 22nd highlight the $0.42-$0.44 area as a critical support zone being retested.

4. The A/D indicator and CMF (+0.23) show strong buying volume and capital inflow, though the MFI signals a potential divergence.

5. A deeper Bitcoin correction below $116k could push XLM prices lower, but current indicators suggest the pullback may be shallow.