$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–$0.1