It may be time to sell Stellar Lumens (CRYPTO:XLM).
On April 14, XLM rallied but then ran into a wall of sellers at the 66-cent level. This resistance put a halt to the rally. A steep decline followed and XLM reached 42 cents on April 25.
Now it has reached the important 66-cent level once more. And again, it has run into resistance.
If XLM can break through resistance and hold above it for a few days, it will mean the sellers who created the resistance are gone. Buyers will need to pay higher prices and this will lead to a rally.
But if the resistance doesn’t break, there’s a good chance XLM sells off and revisits the recent lows.