The analyst discusses an update on XLMUSD, noting it has formed only three waves up from a swing low in September. While some coins have formed five waves up, XLM has not broken above the previous high of 41.3 cents. The support area between 34 cents and 38 cents remains relevant. The analyst suggests it looks weak in the short term. It's currently a three-wave move, and the analyst is trying to understand if it will get a fifth wave up. The question the analyst is looking at if they will be able to get a fifth wave up.