Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$XLM / USDT – Weekly Chart Analysis
#XLM is trading within a larger corrective structure after printing a major swing high near 0.7985 (Wave A). From that top, price entered a prolonged decline, completing Wave B into the lower demand zone. The recent sharp bounce indicates a corrective recovery, but structure remains weak as price failed to sustain above key resistance and is now forming lower highs.
The current move appears to be a Wave B retracement within a broader bearish cycle, followed by the early development of Wave C to the downside.
Key focus is on the support and retest zone between ~0.13 – 0.07, marked as Support -1. A breakdown below this region could open the path toward deeper weekly supports. Overall, trend structure favours sell-on-rise.