Stellar (XLM) Chart Analysis: Will It Breakout Above Resistance or Drop Below Support?

Stellar’s price action is currently caught in a tight trading range after an impressive rally. Technical analysts are closely watching for a breakout above the $0.357-$0.360 resistance zone, which could signal further upside towards $0.601 and even $0.861 in the long term. However, if price action fails to hold support levels, we could see a decline towards the $0.229 level, invalidating current bullish projections. )