XLM Faces Key Resistance After Sharp Rebound

• XLM rebounds from $0.15 as rising volume supports momentum, while resistance near $0.20 now controls the next move for buyers ahead.
• A nested 1-2 count remains favored because wave two lasted longer, while a conventional 3-4 structure appears less orderly here overall.
• RSI reaches 65.44 as MACD turns positive, leaving buyers with stronger momentum before resistance around 0.20-0.21 becomes the next test.

XLM has rebounded sharply from $0.15, bringing a long corrective structure back into focus. Price now approaches $0.20 resistance, while momentum indicators have turned firmly higher.

Buyers regain control near critical resistance

The daily chart shows a prolonged decline inside a descending channel. Price repeatedly respected the channel boundaries throughout July and August. The lower boundary eventually attracted buyers near the $0.15 region.

The rebound from that area developed alongside a sharp increase in trading volume. That combination separated the latest move from the preceding low-volume decline. Price subsequently returned toward the channel's upper boundary near $0.20.

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