Will XLM Prices Avoid A Drop Below The 200-Day EMA?

• XLM Price Reversal: The price reversed from the $0.14 resistance zone, resulting in a 20% drop to the 200-day EMA.
  
• Short Recovery Phase: After reaching the 200-day EMA, a short recovery phase of 4.71% occurred.
  
• Potential Crash: A breakdown below the 200-day EMA could crash the XLM price to $0.094.
  
• Sharp Correction: The retest of the $0.14 resistance level led to a sharp correction and a significant discount in Stellar coin price.
  
• Catalyzed Fall: The intense fall was accelerated by the retest phase and overall market correction.
  
• Breach of Support Levels: XLM price breached multiple support levels, including the 50-day EMA and 50% Fibonacci level.
  
• Short-Term Recovery: Absorbing the selling pressure, XLM set for a short-term recovery, extending to 4.12% in the last 48 hours.
  
• No-Trade Zone: The current recovery remains uncertain, and a breakout of specific Fibonacci levels will signal the next entry.
  
• Downtrend Continuation Risk: There are strong chances of a downtrend continuation with a potential bullish trap unless the recovery undermines the 10.42% drop bearish candle.
  
• Uptrend Possibility: If the uptrend breaks above the 50-day EMA, XLM prices may rechallenge for dominance at $0.142.
  
• Psychological Mark at Risk: A downfall below the 200-day EMA could endanger the $0.10 psychological mark, possibly reaching $0.094.