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XLM eyes reversal at $0.19 mark with a bullish order block support

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Stellar Lumens is approaching a high-probability reversal zone near $0.19. A strong defense of this support could set the stage for a double bottom and a rally back toward major resistance levels.

Stellar (XLM) has been in a corrective phase, but price action is now approaching a technically significant area, a bullish order block that aligns with a key swing low and high time frame support at $0.19. This region holds the potential to act as a structural pivot, especially if bulls can defend the level and push price higher from here.

Key technical points

Bullish Order Block at $0.19: Aligned with swing low and HTF support.
Potential Double Bottom Formation: Structure may form if price holds above recent lows.
Low Volume Profile: Current low-volume conditions suggest downside risk until buyer influx appears.

XLMUSDT (1D) Chart, Source: TradingView

The $0.19 level is more than just a line of support, it’s a technically packed bullish order block area that aligns with a major swing low. If price holds here, it would complete a double bottom formation, which is often a powerful signal of trend reversal. This pattern would also allow for the formation of a higher low, reinforcing bullish structure.

However, price action must stay above the previous swing low for this structure to remain valid. A break below the $0.19 support would nullify the double bottom setup and likely trigger a continuation to new local lows.

One of the most important metrics to monitor at this stage is the volume profile. At the moment, volume is significantly below average, indicating a lack of active buying pressure. Without an influx in volume, the probability of a successful reversal decreases, and the current support may not hold.

That said, if volume begins to surge near the $0.19 region, it could signal accumulation by larger participants. This would inc

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Author: Aziz Zamani

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