Stellar (XLM) Nears Make-or-Break Moment: Double Top Threatens $0.25 Support

Stellar’s XLM is flashing warning signs—a double top pattern looms as the price teeters at $0.25. Bulls and bots are locked in a tug-of-war.

The setup: Two failed attempts to break resistance now mirror each other like a crypto Rorschach test. Traders are sweating the implications.

What’s next: If $0.25 folds, expect a scramble for exits. Hold that level, and XLM might just dodge another ’decentralized’ nosedive—because nothing says ’trustless’ like watching your portfolio evaporate.

• XLM is trading at $0.2565, hovering just above the critical $0.25 neckline support.
• A double top pattern is forming, signaling a possible bearish reversal if support breaks.
• Failure to hold $0.25 could open the door for a drop toward $0.2213.
• A bounce from current levels could reignite momentum toward $0.27 and $0.30.

Stellar (XLM) is priced at $0.2565, sitting at a crucial turning point. The altcoin’s recent price movements reveal a potentially bearish setup, with a clear double top pattern forming on the 4-hour chart. This technical formation is often a red flag for traders, hinting at a possible trend reversal if key support levels fail.

The double top pattern began to take shape when XLM surged to around $0.30, retraced, and then climbed back to retest the same level, only to face rejection once again. This repeated struggle NEAR the $0.30 resistance signals weakening bullish momentum and suggests sellers are firmly in control of that price zone.

$0.25 Breakdown Could Trigger XLM Sell-Off

A major focus now is the neckline support at the $0.25 mark. This level is acting as a critical line in the sand. A decisive breakdown below $0.25 would confirm the double top, likely accelerating selling pressure and pushing XLM toward the next key support near $0.2213. On the flip side, if bulls can hold the line and spark a bounce from this area, we could see a renewed push toward $0.27 and potentially another attempt to breach $0.30.

In the current setup, immediate resistance sits at $0.27 and $0.30, while support levels are clearly marked at $0.25 and further down at $0.2213. These levels provide a roadmap for traders navigating the market right now. The tug-of-war between buyers and sellers is intensifying, and the outcome at $0.25 will likely determine the next significant move.

With XLM trading just above its critical neckline at $0.2565, the next few sessions are likely to be pivotal. A strong defense of the $0.25 zone could revive bullish hopes, while a breakdown would likely confirm the bearish pattern and set the stage for deeper losses.

Stellar’s chart is flashing a major warning sign, but the battle isn’t over yet. Traders should watch the $0.25 level closely, it’s the key that will unlock either a fresh rally or a deeper correction in the days ahead.

Related Reading | SEC Delays Critical Decision on  Canary Capital’s Litecoin ETF Proposal