XLM Price Nears Critical Macro Resistance Zone

The XLM price is nearing a critical macro resistance zone as its weekly price structure becomes increasingly compressed. According to The Boss, the cryptocurrency has established a firm foundation above its horizontal demand area while repeatedly testing the major descending resistance line.

The narrowing structure suggests that the battle between buyers and sellers is becoming increasingly concentrated. A decisive breakout above the long-term trendline would weaken the broader bearish structure and could turn the former resistance into support.

However, the XLM price must first demonstrate sustained buying pressure rather than producing a brief move above resistance. If that breakout is confirmed, The Boss identified potential upside targets around $0.25, $0.33, and $0.44.