XLM Buyers Defend Stellar's Breakout at $0.225

XLM, the cryptocurrency associated with Stellar, has been showing signs of strength in its recovery. After falling to $0.170 on September 9th, it formed several higher lows and created a higher base for its next advance.

The altcoin attempted to break out at $0.198 on September 14th but pulled back slightly, only to rebound and continue driving the price up from $0.183 through $0.213 by September 21st.

XLM then dropped to around $0.200 before bouncing off that area and establishing a four-session consolidation range between $0.205 and $0.225.

The short-term EMA structure remains positive, with the 20-day EMA above the major EMAs, and the RSI is bullish at 62.21, but there's a mild bearish divergence due to lower momentum readings.