XLM Falling Wedge Points to $0.23 Recovery Target

Buyers reversed the earlier sell-off to bring XLM back in positive territory from a low near $0.172 on the day. There is a falling wedge on the 4-hour chart that indicates a possible price rebound, but need to confirm the pattern breaking a descending resistance. The $0.23 target depends on sustained buying, while a break below wedge support could expose XLM to further losses. XLM is showing signs of recovery after a steep decline, while its falling wedge points toward a possible $0.23 target.

Source: Crypto Front News