XLM Price Hinges on $0.22 as Short Squeeze Fades

XLM's recent price surge of 9.19% to $0.21 in 24 hours has some investors wondering if it's a breakout or just a bull trap.

The price has cleared every meaningful short-term moving average, but this is not necessarily a sign of a confirmed trend change.

XLM has a history of violent overnight spikes that quickly fade, and the daily range from $0.19 to $0.22 suggests resistance at exactly $0.22.

The broader crypto narrative matters here, with Bitcoin holding above key levels and DeFi/L1 sentiment staying constructive potentially giving XLM a tailwind regardless of its own fundamentals.