Attention-grabbing summary : Is XLM facing bearish pressure, hinting at an imminent collapse ? Expert analysis warns investors of Stellar Lumens (XLM) about a potential significant price drop today. Stay informed for more updates on this developing situation.
Analysis warns Stellar Lumens (XLM) investors: this cryptocurrency‘s price could experience a significant drop today. After failing to break through the key resistance level of $0.50, XLM now appears to be in a bearish trend, with concerning technical signals. Here’s a breakdown of this alert and analysis of crucial support levels for XLM’s future.
Despite repeated attempts, XLM has failed to break out of the resistance zone around $0.50. Each time the price began to climb, sellers returned forcefully, keeping the asset in a bearish consolidation phase.
From a technical perspective, this is reflected in a downward crossing of the 20-day exponential moving average (EMA), signaling a short-term trend reversal. Market sentiment has now shifted from bullish to bearish, reflecting increased investor caution regarding XLM’s weakness against the dollar.
XLM also lost its 50-day MA overnight. As mentioned in a previous article, XLM is expected to return to its liquidity zone between $0.25 and $0.22.
“Stellar $XLM is in a consolidation phase! The next support levels are at $0.33 and $0.22.” – Ali, crypto analyst
As long as buyers fail to establish themselves firmly above $0.50, XLM risks remaining volatile in the short term, with potential for a significant decline. Indeed, it will be important to monitor the RSI on the daily chart as it approaches oversold territory and wait for bullish divergences on the 4H timeframe.
Notably, data from Coinglass shows that XLM funding rates have frequently fluctuated between positive and negative in recent weeks. This change in dynamics reflects a phase of indecision among short-term traders, who are more inclined to ride momentum movements than hold long-term convictions.
As a consequence of this volatility, XLM’s price forecast remains obscured by uncertainty, with price movements dictated by speculation rather than solid fundamentals. The support levels at $0.33 and $0.22 will therefore be crucial in determining the next trajectory for this cryptocurrency.
Nevertheless, XLM has approached a breakout of its 7-year accumulation phase. The potential explosion of XLM in the coming months is not in question. $1 to $2 remain probable targets for XLM in 2025.
To acquire Stellar Lumens (XLM) on Bybit, follow these steps :
Here’s a guide for attempting a long trade on XLM with a stop-loss (SL) at $0.188 and an entry zone (EZ) between $0.26 and $0.22 :
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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