Stellar has managed to stay above the March 17 close (UTC) of $0.20263635. This shows lack of selling at the current levels, but we are yet to see stable buying.
The XLM/USD pair will indicate a probable change in trend if it can close above the $0.27 mark. Until then, prices might remain in a tight range.
A break of the $0.2 levels will be a bearish development and can sink prices to $0.1 levels. Therefore, we are not suggesting a long position at the current levels.