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$XLM sellers tighten their grip at resistace zone.
Price is fading the moment it touched the upper boundary of the channel, hinting that downside pressure is re-emerging.
📉 Technical View:
• Pattern: Price is carving out a stretched descending structure with brief consolidation pockets forming lower highs inside it.
• Bias: Momentum favors continuation to the downside as each rally is met with firm supply.
• Key Level: The mid-channel rejection zone near $0.275–0.280 is the pressure point to watch as long as XLM stays capped beneath it.
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⚠ A decisive breakout above the trendline ceiling would unravel the bearish script and shift the short-term picture entirely.
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