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XLM Price Hits Oversold Extreme: Bounce or Breakdown?

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XLM
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XLM price has dropped to $0.15 in an extreme oversold compression that could lead to either a violent bounce or a full breakdown.

The RSI is at 29.46 and stochastics are near zero, indicating a potential mean-reversion bounce within 24-72 hours.

However, if the $0.15 support level cracks on a closing daily basis, the technical picture deteriorates rapidly, with no meaningful support structure until the $0.13-$0.14 range.

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