Saad Ullah
● Stellar (XLM) is facing serious headwinds after its recent rally fizzled out at 0.34. Trader Mr. CryptoCeek recently flagged the bearish shift, XLM Stellar Losing Altitude! Rally stopped cold at $0.34 — bears pressing hard." That pretty much sums up the mood right now.
● The daily chart tells the story: XLM is stuck beneath a downtrend line, and sellers are holding firm at key resistance points. The coin couldn't break past the 20-day EMA at $0.34 or the 50-day SMA at $0.36, which shows the bulls are losing steam. If support at $0.29 gives way, we could see XLM slide down to $0.25 — a level we haven't seen since early summer. The RSI hovering near 37 suggests bearish momentum is building, raising the risk of further downside.
● A drop to $0.25 would mean roughly a 20% decline from current levels, likely triggering waves of stop-losses and liquidations on leveraged positions. That said, if XLM manages to reclaim $0.34, sentiment could flip quickly, opening the door for a run toward $0.40. But that would require strong buying volume and probably some help from the broader crypto market, especially Bitcoin holding steady.
● Stellar's struggles reflect what's happening across altcoins — volume is drying up, and macro uncertainty is weighing on any recovery attempts. Despite XLM's solid fundamentals in cross-border payments, the technical picture remains shaky until we see a clean break above resistance. As Mr. CryptoCeek put it, "Only a breakout above $0.34 can flip the trend bullish again."
Saad Ullah
