$XLM ’S RECOVERY STILL HAS SOMETHING TO PROVE.

A strong bounce does not automatically mean the bottom is in.

$XLM remains stuck inside a broad sideways range, while the recovery from the January/February low has so far developed as a 3-wave structure.

From a technical perspective, that is important.

A sustainable bullish reversal usually needs stronger confirmation through price structure, momentum, and the ability to reclaim key resistance levels. So far, $XLM has not delivered enough evidence to confidently call this a lasting bottom.

The key levels

The first area I’m watching is $0.138–$0.140.

This zone could determine whether the current structure holds or whether XLM needs another deeper retest.

If sellers push price below this support, the next important area sits around $0.125–$0.130, where the rising trendline could provide another layer of support.

Why it matters

The market is currently at an important decision point.

If $0.138–$0.140 holds and buyers regain control, XLM could continue building a stronger recovery structure.

But if that zone breaks, the market may simply be completing another leg of the correction rather than starting a new sustained uptrend.

The biggest mistake here would be assuming that a bounce equals confirmation of a bottom.

A decisive break below the rising trendline around $0.125–$0.130 would weaken the bullish recovery thesis and increase the probability of further downside.

For now I’m not calling the bottom.

$0.138–$0.140 is the first battleground.
$0.125–$0.130 is the deeper support zone.

Until XLM confirms a stronger bullish structure, patience and confirmation remain more important than prediction.

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