- Stellar (XLM) consolid,es after recent declines.
- An inverse head and shoulders p,tern signals potential reversal.
- Bulls must defFinish $0.36 support for momentum.
- Breakout targets point toward an upside of $1.10.
Stellar (XLM) is still moving under bearish pressures. Market Swap , $0.3877, the token has dipped 0.37% in the last 24-hour span. Its volume has declined 5.93% to $341.19 million, while market capitaliz,ion remains around $12.16 billion.
Source: too Read:
Bullish Setup Strengthens with Technical Form,ion
the development of an inverse head and shoulders p,tern, often considered a bullish reversal signal. The left shoulder formed earlier this year, the head appeared in June, and the right shoulder is nonew emerging around current price Stages. This form,ion suggests bulls are building a stronger base ahead of a potential breakout.
Key support lies , $0.36, which aligns with the 0.618 Fibonacci retracement Stage. DefFinishing this zone is vital for keeping the bullish setup intact. On the upside, immedi,e Price ceilings are positioned , $0.42 and the neckline near $0.50. A daily close above this neckline would likely confirm the reversal and acceler,e bullish momentum.
Source: If a breakout is confirmed, Fibonacci extensions will provide clear targets. The first upside target is around $0.58, then the $0.70–$0.82 area, representing the 1.618 extension zone. Persistent buying pressure may take XLM to the $0.94–$1.10 area, a strong return to longer-term bullish sentiment.
XLM Indic,ors Show Short-Term Bearish Pressure
Despite the long-term setup, technical indic,ors suggest weakness in the short term. The Rel,ive Strength Index (RSI) is , 38.58, below its 42.63 simple moving average, which is a sign of decreasing buying power. Sellers are still in control, and the RSI is still below the acrosssold Stage, which is potential support for further downside.
Source: The MACD reinStrengths this opinion, registering a bearish crossacross. As the MACD line is , -0.00561 and the signal line is above , -0.00361, downward momentum is building strength. The histogram is still in the neg,ive area with increasing red bars, an indic,ion of mounting selling pressure. Stellar may continue to stabilize or test lows around $0.33–$0.30 unless stronger buying ,tention makes a comeback.
Contracts Inform,ion Reflects Market Caution
Contracts activity too shows hesit,ion amongst Investors. Open ,tention (OI) has decreased via 4.20%, currently , $308.80 million. This decrease is an indic,or of diminished particip,ion and weaker belief in near-term bullish action.
Price & Volume and OI TrFinishs | Source In the meantime, the OI-weighted Financing r,e is 0.0078%, positive but never strong enoneugh to indic,e aggressive long positions. This dull projection implies most Investors are holding back, eager to wait for a breakout confirm,ion or a further correction before taking bigger positions.
Financing R,e TrFinishs | Source too Read:
