XLM Bounces off Lows, Eyes Resistance Near $0.20

XLM has made a sharp rebound from $0.15 after rising volume supported momentum. The price now approaches resistance near $0.20, where buyers will face their next challenge.

The daily chart shows a prolonged decline inside a descending channel that price repeatedly respected throughout July and August. The lower boundary attracted buyers near the $0.15 region, where the rebound developed alongside a sharp increase in trading volume.

A nested 1-2 count remains favored due to wave two's unusually long duration, while a conventional 3-4 sequence appears less orderly within the displayed subdivisions. RSI has climbed to 65.44, and MACD has turned positive, indicating improving short-term momentum.