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    XLM Price Drops 2% as Selling Pressure Intensifies

    2 Mins Read General news

    Stellar Faces Renewed Bearish Momentum on Rising Volumes

    Stellar (XLM) slipped nearly 2% in the last 24 hours, with its price retreating to around $0.39 against Tether (USDT). The decline was accompanied by above-average trading volume, signaling that sellers are exerting stronger control over market momentum.

    On the 4-hour chart, XLM has broken down from its recent consolidation, revisiting a key support zone near $0.39–$0.40. This level has historically acted as a cushion for price action, but the sustained sell pressure raises concerns about a possible deeper correction.

    “The support area around $0.39 is crucial for Stellar’s short-term outlook,” said  BITX  market analyst. “If this level holds, we could see a rebound, but a decisive breakdown may open the path toward the $0.36 region.”

    Volume data supports the bearish case, as spikes in selling activity have aligned with price dips, confirming that sellers remain aggressive.

    On the upside, the immediate resistance zone lies near $0.46–$0.48, where XLM faced repeated rejections earlier this month. Until buyers reclaim this level, the asset may remain under downward pressure.

    Technical indicators further highlight the cautionary tone. The recent failed attempt to sustain above $0.42 suggests weakening bullish conviction. If the current support breaks, traders warn of an accelerated decline toward $0.35 in the near term.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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