XLM crypto tested the $0.168 support level established in late June and could drop another 18% if it does not hold. After a 113% rally in one week in late May, rising from $0.139 to $0.298, the crypto entered a retracement phase with a breach of the 78.6% Fibonacci retracement level. XLM needs to reclaim $0.175 for an early sign of bullish reversal and $0.183 to shift its short-term bias bullishly. This bearish context is part of a broader crypto market trend, where Bitcoin and Ethereum both declined 3% on the day.
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