Overall setup is bullish with short term drop to $0.31 are and then bouncing higher to break resistance around $0.40, then moving higher.
Short term drop coincides with likely correction in the current stock market.
We have allot of trouble breaking $0.40 resistance area but bounced back with higher lows every time, and so upward pressure is definitely...
XLM made it out of local wedge and is now setting up to test $0.40 if this resistance is broken chances are high we will see rapid up movement to its original trend line.
If resistance holds then decline to $0.24 is possible.
Keep an eye on RSI if it begins to decline towards oversold, we are unlikely to break $0.40 level and this upward movement is likely to be...
Descending triangle with flat support is a strong indicator of further decline.
Unless we get some news XLM is likely to break below support and continue to decline.
