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. You might also like: Top blue-chip altcoins to buy as Nasdaq 100 Index hits ATH 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 increase the probability of a bounce from this area, with price potentially targeting $0.30 and $0.35 as the next key resistance levels. These levels mark previous supply zones and high time frame resistance, and would be the natural next stops if the reversal confirms. What to expect in the coming price action If XLM defends the $0.19 region with volume backing, expect a potential reversal targeting $0.30 and $0.35. Failure to hold this zone could invalidate the double bottom setup and lead to new lows. Watch closely for volume spikes and structural confirmation at support. Read more: Pepe price forms a rare pattern pointing to an upcoming surge
