XLM, the native asset of the Stellar network, has given back most of its earlier advance, returning toward previous lows after a rally that reached all four of its projected targets. The token's slide toward the $0.16–$0.17 range shows how quickly a profitable trade can turn, and it now faces renewed selling pressure after losing its rising trendline, with traders watching nearby support and the former $0.18 breakout level.

XLM Hits Four Targets Before Falling Back

Analyst Jesse Olson reported that XLM had reached all four upside targets before returning to its earlier lows. His chart posted on X showed a buy signal following a break above descending resistance. The rally rewarded the setup, but the gains proved difficult to hold.

Prior to the breakout, price had spent an extended period below a downward trendline. A fast rising move then crossed above the horizontal level and pushed just above $0.18, handing the trade a clear entry point and a series of higher targets.

The original chart marked successive price zones above the entry. According to the supplied analysis, the move toward the fourth target offered roughly 47% upside — a figure describing the projected trade, not a guaranteed return for every position.

Price later climbed toward $0.24 before turning lower. It broke beneath the rising trendline and then slipped back below $0.18. Olson's reminder to take profits addressed precisely what happened after the targets were reached.

Liquidation Data Shows Where Traders Faced Forced Closures

Futures liquidation data tracked on Coinglass covers activity from late April through October. Liquidation refers to the forced closure of a leveraged position when the exchange determines the trader's margin can no longer cover potential losses — short positions are closed when price rises against them, and long positions are closed when price falls. Red bars represent short liquidations, green bars represent long liquidations, and an orange line tracks XLM's price alongside those events.

The largest burst appeared around May 28–30, when short liquidations approached $10 million. During the same period, price rose toward $0.25–$0.26. The combination points to heavy losses among leveraged traders betting against the advance.

June brought several smaller liquidation spikes as prices continued to fluctuate. By July and early August, the bars stayed much closer to the baseline, and forced closures were far less pronounced than during the late-May episode.

Another cluster appeared in late August, when long positions faced liquidations. Smaller bursts followed during September and early October, though none approached the scale of the late-May event shown on the chart.

XLM Returns to Support as the Rally Fades

Market data on CoinGecko places XLM at $0.1686 as of writing, down 1.06% over 24 hours. The supplied market figures also show a weekly decline of 4.47%, with daily trading volume standing at approximately $83.56 million.

Earlier in the session, price dropped toward $0.1668 before buyers stepped in. The rebound carried it above $0.1690 and toward $0.1720, before sellers took control and pushed prices back toward the lower end of the range.

The first level of interest sits at $0.1680. Buyers defending it could see price resume its climb toward $0.1690 and possibly $0.1700, where the next immediate resistance would come into view. A break below $0.1680 would leave the earlier low exposed — an area the chart places around $0.1670–$0.1668 — and another visit there would signal that buyers had failed to protect the recent floor.

The former breakout level near $0.18 remains well above the current price and would take a much bigger recovery than a quick bounce to reclaim.

The pattern so far is simple: four targets were hit, the rally turned around, and most of the gains faded. As traders in similar situations know, Olson's message is clear — securing profits matters just as much as picking an entry.