After a period of volatility, Stellar has been consolidating, and the price action is giving conflicting signals. The asset is testing important support levels that could dictate its next move, and it is currently trading at about $0.38. While a 16% recovery to roughly $0.44-$0.45 is feasible, XLM also runs the risk of further declines if the bearish momentum picks up steam.

Holding above $0.35, which corresponds to the 100 EMA and has historically served as a support zone, is necessary for XLM to start a robust recovery; $0.40, a psychological level that also aligns with short-term moving averages, is the first resistance to break if buying pressure increases. XLM had previously been rejected in the $0.44-$0.45 range, but a successful breakout above $0.40 would move momentum in that direction.

XLM/USDT Chart by TradingView

The next significant resistance level, $0.47, may be retested if bulls maintain their momentum. RSI and other important indicators indicate that XLM is getting close to oversold territory, which means that buyers may intervene soon. It is very likely that the market will rebound toward $0.44-$0.45 if volume rises.

HOT Stories Elon Musk's ‘Money’ Statement Triggers DOGE Team’s Supportive Response 4,485,366,320 XRP: Ripple Unveils Holdings in New Report 560 Million Dogecoin in Days: What’s Happening? Ripple CEO Highlights Ripple's Most Recent Big Milestones

Related
Sat, 02/01/2025 - 16:15 Shiba Inu Key Developer Makes Important Shibarium Clarification: Details
Tomiwabold Olajide

It could quickly become bearish if XLM is unable to maintain $0.35. In the past, deeper sell-offs have been avoided by the 200 EMA, which is the next important support at $0.33. XLM would drop to $0.27, the lowest price prior to its November rally, if it were to break below this level. Losses could increase if $0.40 is not recovered quickly as this could also encourage short sellers.

If Bitcoin's weakness persists, XLM may be pulled toward lower support zones by the overall market decline. For XLM's next move, the $0.35-$0.40 range is essential. While losing support at $0.35 could lead to $0.33 or even $0.27, holding above this zone would favor a push toward $0.44-$0.45. To determine the direction of the asset, traders should keep a close eye on these levels.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。