$XLM | Analysis 💬
Stellar has just printed a failed breakout attempt at a key daily resistance level. Price was unable to secure acceptance above the level, indicating weakening bullish momentum and a likely short-term pullback scenario.
At this stage, I expect a corrective move toward the nearest support zone around ~$0.165, which aligns with prior consolidation and local liquidity.
From a tactical perspective:
• Failed resistance test → bearish intraday bias
• Momentum cooling on the daily timeframe
• Liquidity likely resting below recent short-term lows
There is potential to capture approximately 5–7% net movement if the pullback unfolds cleanly into support.
As always, monitor volume behavior and broader market structure for confirmation.