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Stellar News Today: XLM Price Eyes Recovery as W Pattern Emerges on Charts
['Naveed Iqbal', 'Benjamin Wallis', 'Andy Pickering', 'Sven Luiv']
Brave New Coin
Stellar News Today: XLM Price Eyes Recovery as W Pattern Emerges on ChartsStellar has been under pressure in recent weeks, but new technical signals suggest a bullish setup may be forming.
Analysts point to a developing W pattern on both daily and weekly timeframes, raising the possibility of another upward leg.
W Pattern Formation Hints at Bullish MomentumAccording to analyst CryptoCharged on X, the token is attempting to secure a higher low as part of a W-shaped reversal pattern.
The setup is visible across both the daily and weekly charts, signaling the potential for renewed bullish momentum.
If the asset manages to hold above the $0.35 support zone and push toward the $0.40–$0.42 resistance range, it could confirm the W pattern outlook and strengthen bullish momentum.
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