Analyst Sets $0.24 XLM Trigger as Price Falls

XLM fell to $0.197, trading below its 50-day moving average at $0.209 and 200-day average at $0.202. Egrag Crypto identifies $0.24 as XLM’s breakout trigger, while 0.16–0.17 remains a potential long zone pending reversal confirmation. XLM faces immediate support at $0.19, while a confirmed breakout could target $0.31, $0.40, $0.70, $2.15 and $4.20. Stellar (XLM) has fallen to approximately $0.197 after failing to sustain its September recovery toward $0.24, according to analyst Egrag Crypto. The analyst identified $0.24 as his preferred breakout trigger but said the move lacked confirmation. Meanwhile, XLM has dropped below its 50-day and 200-day moving averages.

Source: Crypto Front News