As the Stellar (XLM) price navigates a descending channel since late December 2024, analysis points to key support and resistance levels influencing its trajectory in May. The price has seen a sharp decline after reaching $0.45 in December, falling into a range between $0.22 and $0.24. This zone acted as a crucial base for past rallies, including the November breakout, highlighting its reliability. 0.2702 is where XLM currently trades. Resistance at the channel’s upper boundary ($0.28-$0.29) has been tested repeatedly, with rejection signals observed on the latest candlestick. If volume increases and breaks past $0.29, a bullish surge could be expected. Otherwise, a pull back towards the lower support is possible. 2025’s price action reveals key moments for XLM’s future: 1) A clean breakout above $0.29 with high volume, signaling a bullish shift; or, 2) Continued downward pressure if Bitcoin drops below $85k or lacks substantial momentum in Stellar’s ecosystem. ChatGPT explored several scenarios about the price’s potential trajectory this May: