$XLM / USDT – Weekly Chart Analysis

#XLM is trading within a larger corrective structure after printing a major swing high near 0.7985 (Wave A). From that top, price entered a prolonged decline, completing Wave B into the lower demand zone. The recent sharp bounce indicates a corrective recovery, but structure remains weak as price failed to sustain above key resistance and is now forming lower highs.

The current move appears to be a Wave B retracement within a broader bearish cycle, followed by the early development of Wave C to the downside.

Key focus is on the support and retest zone between ~0.13 – 0.07, marked as Support -1. A breakdown below this region could open the path toward deeper weekly supports. Overall, trend structure favours sell-on-rise.