XLM Builds Pressure Near $0.4684 – Trend Shift Ahead?

XLM builds pressure near $0.4684 – trend shift ahead? The EMA structure holds after the impulse from $0.3895 to $0.5172 and a deep correction. RSI recovers below 60, supporting a potential breakout at $0.4684 that may open the path toward $0.4840.

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Overall XLM Price Structure

We observed a strong impulse from $0.3895 to $0.5172, which ended on July 14 and was accompanied by a consistent HH/HL structure. However, the subsequent pullback disrupted it.

The high was not updated, and the price moved below 0.382 and EMA-20. The correction low was recorded near $0.4342, where the pullback reached EMA-100. From that point, a consolidation began with gradually forming higher lows and a narrowing range. The initiative temporarily shifted to sellers, but over the last 24 hours, the market has shown signs of recovery.

The current structure indicates a sideways phase between $0.4540 and $0.4684 with elements of upward pressure, and the key level remains $0.4684, which has not yet been broken.

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XLM EMA and RSI

EMA-20 ($0.4588). We observe that after a downward slope of -25°, the line began to flatten. The price is holding above this level, but still without a clear impulse. A break below will increase the weakness of the short-term structure and trigger a test of EMA-50.
EMA-50 ($0.4540). Currently acts as a mid-range support zone with a clear upward slope of +10°, where the higher lows of recent sessions are forming. A close below this level will weaken the consolidation phase and open the path to a test of $0.4468.
EMA-100 ($0.4342). This is the area of the minimum pullback after the impulse, where the line is stabilized and has not been broken. This key boundary will be the main indicator between maintaining recovery and transitioning into a full bearish regime.
EMA-200 ($0.3895). The starting point of the entire impulse is maintaining a +25° slope. A breakout to this level would mean a breakdown of the entire upward structure and a clear transition to a bearish phase.

XLM RSI

At the moment, we have 54.40, with a positive slope of +15°. However, the RSI remains below the 60 zone, indicating limited buyer strength. The latest peak – 58.31 – was not broken, leaving the indicator in a zone of uncertainty. Thus, the RSI confirms the recovery phase but does not yet show impulse.

XLM Fibonacci Key Zones

0.236 ($0.4840). This is currently the key resistance. A breakout upward will confirm the recovery structure and open the target at $0.5172.
0.382 ($0.4684). This is the nearest resistance level, which has been tested multiple times but without confirmation. A breakout may initiate a shift into a growth phase, especially considering the overlap with the zone where bounces from EMA-20 occur.
0.5 ($0.4468). This serves as the base support of the current range. A breakdown will lead to a retest of EMA-100 and call into question the recovery phase.
0.618 ($0.4302). A structural boundary. A breakout will confirm the breakdown of the corrective rebound phase and return the asset to a descending range.
0.786 ($0.4066). The final support zone is in the case of a deep pullback. A breakout below will mean a phase shift into a downward trend.

XLM Market Sentiment

The overall structure is neutral with elements of local upward pressure. The RSI is below 60, the price is holding above EMA-20 and EMA-50, candles are forming short bodies with minor wicks – all of this indicates consolidation. However, the EMAs are narrowing, the slope of EMA-20 is flattening, and volume remains below average. This also suggests that the market is not yet showing decisiveness.