XLM/USDT Waiting for Confirmation: Fake Bounce or Trend ReversalStellar / TetherUSBINANCE:XLMUSDTCryptoNuclearXLM/USDT on the 8-hour timeframe is still trading under a clear bearish trend. Price continues to form lower highs and lower lows, confirming strong selling pressure. However, recent price action shows consolidation near the lower range, which could act as a short-term reaction zone. --- Pattern Explanation The chart highlights the following key patterns: 1. Descending Trendline (Major Dynamic Resistance) The yellow descending trendline acts as the main dynamic resistance Price has been repeatedly rejected from this level As long as price remains below this trendline, the overall bias stays bearish 2. Bearish Continuation Structure Market structure remains intact with consistent lower highs Any upward move so far appears corrective rather than a true reversal This suggests the market is still in a distribution phase --- Key Levels Resistance Levels: 0.2370 – minor resistance / short-term reaction area 0.2600 – key resistance from previous breakdown 0.3000 – 0.3300 – strong supply zone 0.3500 – major resistance Support Levels: 0.2230 – 0.2150 – current consolidation and local support 0.2030 – 0.1950 – strong support zone if further breakdown occurs --- Bullish Scenario The bullish scenario becomes valid if: Price breaks and closes decisively above the descending trendline Followed by a confirmed close above 0.2370 Ideally supported by increasing volume Bullish Targets: 0.2600 0.3000 0.3300 A successful breakout would signal bearish structure invalidation and open the door for a medium-term trend reversal. --- Bearish Scenario The bearish scenario remains dominant if: Price fails to break the descending trendline Rejection occurs around the 0.2370 – trendline area Price breaks below 0.2150 support Bearish Targets: 0.2030 0.1950 This would confirm a bearish continuation toward lower demand zones. --- Conclusion XLM/USDT remains under strong bearish control, with the descending trendline acting as a critical level. Until a confirmed breakout occurs, price is more likely to continue its downtrend or consolidate. Traders should stay patient and wait for clear confirmation before taking positions. --- #XLMUSDT #Stellar #CryptoAnalysis #TechnicalAnalysis #Downtrend #BearishMarket #Altcoins #CryptoTrading #MarketStructure #SupportResistance #Trendline