XLM Stuck at $0.22 Resistance as Smart Money Leans Long

XLM is stuck at $0.22 resistance, and it's waiting for a catalyst to break through.

The asset has walked straight into a wall and is sitting there, essentially pinned at this price level with immediate and strong resistance on both sides.

Price movements are structurally meaningless at the moment, as the 24-hour gain of just over 1% is 'cosmetically positive.'

A clean break above $0.22 opens the door to $0.24 for XLM, while a rejection sends this asset back toward the lower Bollinger Band and potentially toward $0.20 or even $0.18, $0.19.

The 7-day SMA at $0.22 is below current price, along with the other moving averages.