Stellar Price Fluctuates Amid Bearish Trends: Is There a Path to Recovery for XLM?
Highlights
- Stellar has experienced volatility over the past 24 hours amidst market uncertainty.
- Open interest in Stellar has decreased by 6.08%, totalling $38.80 million.
- Stellar’s price hovers just above $0.1, strengthening support levels.
Stellar price has experienced significant volatility over the recent period, reflecting broader cryptocurrency market fluctuations. The fluctuations mirror trends observed in most of the data, which has largely turned bearish, indicating that sellers currently dominate the market.
Stellar Price Faces Market Downturn Amid DIP in Open Interest
Data from Coinglass reveals a substantial decline in trading activities for XLM Coin Price. The volume has plummeted by 57.85% to $141 million, indicating a significant drop in market interest.
Furthermore, the open interest has decreased by 6.08%, reaching $38.80 million. This downturn reflects investors’ cautious stance amid fluctuating market conditions
According to data from CoinMarketCap, over the past 24 hours, the Stellar price has been trading between $0.01032 high and $0.00991 low. The cryptocurrency is hovering just above $0.1, strengthening the support level. At the time of writing, the XLM Price Today is trading at $0.1004, making a slight dip during the U.S. trading hours.
Can XLM Price Rebound Above $0.1 Amid Bearish Trend?
If the Stellar price breaks past the resistance at $0.1007, it might see a bullish uptrend. Such an ascent could drive its price toward the significant $0.12 resistance level. With positive momentum, Stellar’s value could escalate to $0.15, potentially increasing buying interest on the trading charts.
The 4-hour technical indicators for Stellar indicate mixed signals for the cryptocurrency. The Relative Strength Index (RSI) stands at 60, suggesting that Stellar is neither overbought nor oversold. Most moving averages on the 4-hour chart trend upwards, indicating a buy signal for traders and investors.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a slight bullish momentum, with the histogram displaying an increase in green bars, pointing to potential upward price movements in the near term.
According to DeFiLlama, Stellar’s Total Value Locked (TVL) has decreased by 0.12% to $11.2 million over the past 24 hours, fueling bearish sentiment in the market. This slight dip reflects broader trends in the cryptocurrency sector, which has been experiencing volatility.
Despite this downturn, Stellar’s stablecoin market cap remains substantial at $245.12 million, with a 24-hour trading volume recorded at $2.06 million.
Conversely, if Stellar price prediction maintains its downward trajectory, it could soon approach a support threshold of around $0.1. A further dip in market support could depress its price to nearly $0.09. Ongoing sell-offs might push the value further down, possibly reaching a lower support level at $0.08.
Frequently Asked Questions (FAQs)
1. What are Anchors in Stellar?
2. Who benefits from Stellar?
3. How does Stellar ensure security?
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
