XLM 4H – Descending Resistance Test After Impulsive Break

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XLM 4H – Descending Resistance Test After Impulsive BreakStellar / TetherUSBINANCE:XLMUSDTBKVIPStellar has been trading inside a broader descending structure, defined by a falling resistance trendline connecting multiple lower highs. After printing a higher low near the lower boundary, price initiated a strong impulsive move upward, pushing directly into the descending resistance zone around 0.17–0.18. This is a major decision area. Structure Context: • Long-term descending resistance trendline • Strong impulsive rally from range lows • First significant test of macro resistance • Rejection wicks forming near trendline As long as XLM holds above the 0.16 region and maintains higher lows, momentum remains constructive despite the rejection. A confirmed breakout and hold above descending resistance would mark a structural shift from lower highs to potential expansion toward 0.18+ liquidity. However, failure here could rotate price back toward mid-range or even lower boundary support for another compression cycle. For now, this is a breakout attempt into macro supply. Reaction here defines whether structure flips or remains range-bound.