$XLM

🚹 XLM/USDT Technical Analysis: Bears in Control! 🚹

XLM is trading at $0.4988, down 6.85% in the last 24 hours, as it battles intense selling pressure. The price has broken below the critical psychological support at $0.50, signaling a strong bearish trend. With the 24-hour low at $0.4976, this level now acts as key support. If it breaks, the next target for sellers could be $0.49 or even lower.

On the upside, the previous support at $0.50 is now a stiff resistance, followed by stronger resistance at $0.5100. Bulls need to reclaim these levels to regain control.

Entry Strategy:

đŸ”č Short Sellers: Watch for a break below $0.4976 with strong volume to ride the bearish momentum.

đŸ”č Buyers: Wait for a clear bounce above $0.50 and confirmation of reversal before entering long positions.

The market is volatile, so manage risks carefully. Are you ready to seize the opportunity or stay cautious as XLM navigates this critical zone? đŸ’č

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