At the time of writing, 
XLMUSDT trades at $0.409 and faces a risk of slipping lower. Technical factors point to a potential drop toward $0.393 support, a level that may determine whether bearish control continues to strengthen in the coming sessions.
From a technical perspective,XLMUSDT momentum is leaning bearish. The Moving Average Convergence Divergence (MACD) indicator has confirmed a bearish crossover, signaling growing downside pressure. The crossover reflects weakening strength among buyers and indicates a market environment increasingly favorable for sellers.
Adding to the concern, the Parabolic SAR indicator is positioned above candlesticks, acting as resistance. This placement confirms a downtrend, suggestingXLMUSDT could face additional declines. If bearish sentiment dominates, the cryptocurrency might even test deeper support near $0.359, worsening investor confidence further.
However, if traders shift toward a bullish stance, Stellar has recovery potential. Reclaiming $0.424 as support could allowXLMUSDT to climb toward $0.445. Achieving this move would negate the bearish outlook, signaling renewed strength and stabilizing the asset after recent declines.
XLMUSDT trades at $0.409 and faces a risk of slipping lower. Technical factors point to a potential drop toward $0.393 support, a level that may determine whether bearish control continues to strengthen in the coming sessions.From a technical perspective,
XLMUSDT momentum is leaning bearish. The Moving Average Convergence Divergence (MACD) indicator has confirmed a bearish crossover, signaling growing downside pressure. The crossover reflects weakening strength among buyers and indicates a market environment increasingly favorable for sellers.Adding to the concern, the Parabolic SAR indicator is positioned above candlesticks, acting as resistance. This placement confirms a downtrend, suggesting
XLMUSDT could face additional declines. If bearish sentiment dominates, the cryptocurrency might even test deeper support near $0.359, worsening investor confidence further.However, if traders shift toward a bullish stance, Stellar has recovery potential. Reclaiming $0.424 as support could allow
XLMUSDT to climb toward $0.445. Achieving this move would negate the bearish outlook, signaling renewed strength and stabilizing the asset after recent declines.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.