XLM/USD Technical Analysis: Bulls Reclaim Key Moving Average as Selling Pressure Dries Up

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Source: Dukascopy Bank SA
The daily chart for XLM/USD reveals a decisive momentum shift, as price action aggressively reclaims the 20-day Simple Moving Average following a brief corrective phase. After experiencing a healthy retracement from its late-May local peak, the asset successfully swept lower liquidity pools before printing a strong bullish rejection candle that has effectively shifted short-term market structure back in favor of buyers.



XLM is holding firmly above the critical $0.2100 zone and dynamic SMA support, while a flattening MACD histogram signals that downside exhaustion has set in. Moving forward, if bulls can maintain this structural foothold above the 20 SMA, the immediate path of least resistance points toward a retest of the overhead supply cluster between $0.2355 and $0.2450, clearing the way for a potential macro drive back to the major $0.3000 psychological resistance level.

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