After weeks of muted price action and repeated failures near resistance, Stellar (XLM) price still appears trapped in a bearish-looking structure. The lack of momentum has kept traders cautious, especially as broader crypto markets struggle to sustain direction.
In short, XLM may still look heavy on the chart, but the underlying data suggests the market is longer positioned aggressively bearish. For now, Stellar sits in waiting mode, but if price begins to move into short-heavy zones, the reaction could be sharper than the current calm suggests.
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