🔥 $XLM — Bears Exhausted at the Bottom? Bounce Incoming?
$XLM is camped near local lows, still weighed down by recent sell-offs, but price is starting to consolidate like it’s setting up a move. Not a full bull signal yet — but the pressure feels lighter.
📊 Volume Signals a Relief Phase
Those heavy red candles came with massive volume spikes (remember that 1.29B surge?) — classic capitulation and seller exhaustion. Now volume has cooled to the 160–200M range, suggesting panic is fading and the market is stabilizing in a sideways range.
💰 Flows Tell an Interesting Story
Spot market: Quiet accumulation underway
+483K (12H), +270K (24H) — whales seem to be picking up discounted XLM 👀
Futures market: Leverage getting flushed
-290K daily, -649K over 3 days, -5M over 5 days — weak hands exiting, often a contrarian bounce signal.
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📈 My $XLM Play: Cautious Long for a Counter-Bounce
Aggressive entry: Near current levels (~0.2130) — tight risk required due to low volatility
Conservative entry: Wait for a clean break above 0.22795 with strong volume confirmation
🛑 Stop Loss: ~0.20660
🎯 Targets:
First resistance: 0.23878
Next resistance: 0.25137
Current: XLMUSDT Perp — 0.21153 (-1.87%)
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⚠️ Why Now?
The broader trend is still bearish, but capitulation volume + spot inflows while futures leverage unwinds = a textbook bounce setup. Oversold conditions point to a tactical rebound — not a long-term moonshot.
Daily close below support? Bias flips back to full short.
Are you buying the dip or staying on the sidelines? Drop your thoughts 👇