Stellar (XLM) Hits Resistance Near $0.0970 : Potential Downside Targets

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Stellar (XLM) has recently hit a **significant resistance level** near **$0.0970**, struggling to maintain bullish momentum. A breakdown from minor support structures indicates that a **bearish movement** may be unfolding.

Key technical points :

- Resistance Level : XLM peaked near **$0.0970**, facing a tough barrier.

- Support Levels : If the bearish trend continues, XLM could drop to the following targets: **$0.09377**, **$0.09235**, and **$0.09000**.

- Bearish Momentum : The current price action suggests XLM may struggle to regain bullish momentum in the short term.

Conclusion :

Stellar (XLM) appears to be in a **bearish phase**, with resistance holding at **$0.0970** and potential downside targets in the **$0.09377 to $0.09000** range. Traders should be cautious of entering long positions until clear bullish signals emerge.

Advice : Monitor XLM’s price movement closely. If it fails to break above **$0.0970**, look for short opportunities targeting the lower support levels. Set stop-losses appropriately to manage risk effectively.