Analyst Giannis Andreou’s weekly chart marks $0.2254 as an initial hurdle for Stellar Lumens (XLM), with any path toward $0.80 contingent on the asset later holding above a descending trendline.
The chart puts rising support between $0.16 and $0.17, with a steeper falling line and $0.45 to $0.50 resistance also in view.
For the $0.80 scenario to work, XLM would need to clear the falling line and hold above it, making the line support. The chart does not indicate that the asset is testing $0.2254 now.
An EconoTimes four-hour chart analysis published Oct. 22 set a separate, conditional $0.23 target after a confirmed break above resistance. The weekly chart considers higher resistance levels over a different time frame.