- XLM trades at $0.2595 after a 0.5% daily decline, holding between $0.2502 support and $0.2608 resistance.
- The ABCD pattern completed with point D positioned on the lower dotted trendline, matching earlier leg symmetry.
- XLM remains below the 9 EMA and 50 SMA, showing that momentum has not shifted despite a small bounce at point D.
Stellar’s XLM hovered close to its lower support region after completing a clear ABCD structure on the lower-timeframe chart. The asset traded at $0.2595, marking a 0.5% decline over the past 24 hours, while the session range aligned with support at $0.2502 and resistance at $0.2608.
The chart displayed point D resting on a dotted trendline that matched the symmetry of earlier legs in the pattern. Notably, the reaction at that area produced a small upward move, yet the broader setup still faced clear technical restraints. XLM also remained below both the 9 EMA and the 50 SMA, which kept the near-term picture unchanged as the new session began.
ABCD Completion Aligns With Key Technical Level
The ABCD pattern formed over several sessions as price created a sequence of measured legs. Point D emerged at the lower dotted trendline, which created a direct technical reference for traders monitoring short-term reactions.
This completion brought attention to the structure since earlier points followed consistent spacing. However, the pattern alone did not shift momentum, as XLM continued to move under the 9 EMA. This positioning limited early attempts to extend the bounce and kept the chart inside a constrained zone.
Price Faces EMA and SMA Barriers as Momentum Awaits Confirmation
The short-term bounce followed the formation of point D, yet the market still held below both key moving averages. This placement created a barrier for buyers seeking a stronger reversal. The chart showed the 9 EMA above the current price, and this level acted as the first technical hurdle.
The 50 SMA sat higher, and this added another layer to the broader structure. The pattern remained valid, but the market required a confirmed shift in momentum before the setup could progress . Therefore, the next phase depended on whether price could move above these levels with stronger volume.
Traders Monitor Reversal Criteria Near Support
The lower boundary at $0.2502 marked an important support area that traders continued to watch closely. This level anchored the completed pattern and framed the next steps for short-term positioning. A break above the 9 EMA would offer the earliest indication that buyers gained near-term control.
However, market participants also monitored the 50 SMA, since reclaiming that level would add technical conviction to the shift. XLM stayed within a narrow channel near $0.2595, and this restricted zone guided expectations as the new session approached. The small bounce from point D therefore linked directly to the broader structure, which still awaited a clear confirmation of trend change.
