Stellar (XLM) has recently seen a strong crowd, which prompted Altcoin to higher levels. However, during the past week, the price faced great unification. The signs of potential reflection are more clear as Altcoin is struggling to break the decisive resistance level of $ 0.50.
XLM has seen noticeable fluctuations over the past 24 hours, indicating that the price may continue to face the downward pressure in the near future.
Star investors are retreating
The equivalent SAR, which sits over the candlesticks, notes that XLM’s downward trend has begun to gain strength. This technical indication indicates that the declining momentum controls, making it difficult for altcoin to exceed $ 0.50.
However, the active golden cross, which is currently present, has the ability to neutralize the effects of the declining direction. The golden cross is a bullish indicator that usually indicates a long -term upward movement.
Despite the recent decline signals, it may provide the necessary support to slow down the decrease in the price of XLM.
The macro total momentum of XLM shows mixed signals, as shown in the Chaikin Money Flow (CMF). Last week, CMF reached an eight -month height, indicating strong flows and upward feeling.
However, the index has since began to decrease, indicating that the purchase pressure weakens. Nevertheless, the CMF is still higher than the zero line, indicating that the flows still exceed external flows.
If the CMF slip down at the bottom of the zero line, it will indicate that external flows dominate, which will be a negative indication of XLM. The additional decrease in CMF is likely to lead to the additional declining price, which confirms the Habbudian expectations of Altcoin.
XLM price can bounce
The price of XLM has decreased by 7 % over the past 24 hours and is currently being traded at $ 0.45. Altcoin was combined with $ 0.50 resistance last week, as it struggles to make great gains.
If external flows persist, the price may see more negative pressure. The failure to violate this resistance level, along with weak momentum indicators, can push XLM to less than $ 0.43 and $ 0.41.
This would make Altcoin vulnerable to a deeper correction, and may have decreased to $ 0.35 in the coming days.
However, if the flows are recovered and the declining direction is neutralized, XLM may find support and another attempt to violate the resistance of $ 0.50.
A successful breach will nullify the current decline, as XLM targets a price of $ 0.56, indicating the reflection of the last lower direction.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
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2025-07-20 01:00:00
