Stellar Price Drops Again – Is $0.36 the Next Stop for XLM?
The post Stellar Price Drops Again – Is $0.36 the Next Stop for XLM? appeared first on Coinpedia Fintech News
XLM price is showing clear signs of weakness as bearish pressure mounts across the broader crypto market. The token is currently trading near $0.3827, down 0.05% in 24 hours and 4.48% over the past week. With a market cap of $12 billion and 24-hour volume of $329.25 million, Stellar price is struggling to hold critical levels as selling pressure outweighs buying demand.
The recent sell-off appears to have been led by institutional traders, who offloaded over 60M XLM worth about $24.6M. Also, DeFi TVL slipped from $143.35M to $142.48M month-on-month, reflecting weaker capital inflows compared to faster-growing competitors such as Solana and BSC. So what’s in store for XLM in the near term? Let us decode the same in this price analysis.
XLM Price Analysis
XLM’s price decline accelerated on August 19, when it broke below the $0.403–$0.405 support zone after a 1.75% intraday drop. This move coincided with trading volumes spiking to 52.17M XLM, triggering algorithmic sell orders.
Talking about technical indicators, the MACD histogram at -0.00556 shows that downward momentum is still building. While the RSI at 35.41 signals oversold conditions, but no bullish divergence yet. If Stellar posts a daily close below $0.38, it could lead to cascade liquidations, pushing the price toward the next key support around $0.36.
On the upside, Stellar’s price would need to reclaim $0.39–$0.40 to neutralize immediate selling pressure. A strong close above this zone could open the door for a retest of $0.405–$0.42. But current indicators suggest consolidation or further decline is more likely in the short term.
FAQs
Institutional selling of over 60M XLM and weak ecosystem growth triggered the drop.
It could spark cascade liquidations, dragging the price toward $0.36 support.
Read More
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Stellar Price Drops Again – Is $0.36 the Next Stop for XLM?
The post Stellar Price Drops Again – Is $0.36 the Next Stop for XLM? appeared first on Coinpedia Fintech News
XLM price is showing clear signs of weakness as bearish pressure mounts across the broader crypto market. The token is currently trading near $0.3827, down 0.05% in 24 hours and 4.48% over the past week. With a market cap of $12 billion and 24-hour volume of $329.25 million, Stellar price is struggling to hold critical levels as selling pressure outweighs buying demand.
The recent sell-off appears to have been led by institutional traders, who offloaded over 60M XLM worth about $24.6M. Also, DeFi TVL slipped from $143.35M to $142.48M month-on-month, reflecting weaker capital inflows compared to faster-growing competitors such as Solana and BSC. So what’s in store for XLM in the near term? Let us decode the same in this price analysis.
XLM Price Analysis
XLM’s price decline accelerated on August 19, when it broke below the $0.403–$0.405 support zone after a 1.75% intraday drop. This move coincided with trading volumes spiking to 52.17M XLM, triggering algorithmic sell orders.
Talking about technical indicators, the MACD histogram at -0.00556 shows that downward momentum is still building. While the RSI at 35.41 signals oversold conditions, but no bullish divergence yet. If Stellar posts a daily close below $0.38, it could lead to cascade liquidations, pushing the price toward the next key support around $0.36.
On the upside, Stellar’s price would need to reclaim $0.39–$0.40 to neutralize immediate selling pressure. A strong close above this zone could open the door for a retest of $0.405–$0.42. But current indicators suggest consolidation or further decline is more likely in the short term.
FAQs
Institutional selling of over 60M XLM and weak ecosystem growth triggered the drop.
It could spark cascade liquidations, dragging the price toward $0.36 support.
Read More