Stellar $XLM Breaks Support ,Is $0.102 the Next Stop?

Key Insights:

• XLM broke below $0.225 support, confirming continued downside pressure on higher timeframes.
• Price consolidates near $0.21 while RSI rises, signaling short-term stabilization attempts by buyers.
• Failure to hold $0.21 could expose XLM to the next key level near $0.102

Stellar ($XLM) dropped below the $0.225 level on the 3-day chart. This area had served as a support level for several months. The breakdown suggests sellers are still in control.

The price continues to move in a downward trend. Since peaking earlier this year, XLM has posted lower highs and lower lows. The break under $0.225 may open the path to lower levels.

Analysts now point to $0.102 as the next price to watch. This level appears on the chart as a zone with potential interest. If current support fails, $0.102 may come into play.

Daily Chart Holds Near Support Zone

On the daily chart, XLM was holding between $0.21 and $0.22. This range has seen strong activity in recent weeks. Buyers have defended this level more than once.

The RSI indicator was moving slightly higher. Price remains steady while the RSI rises, creating what traders call a “bullish divergence.” This setup may lead to a move higher if buyers act.

Nehal posted, 

The post also noted that holding support and rising RSI can lead to larger price moves.

Volume has dropped during this consolidation. Lower volume often appears before a larger move. For now, price remains range-bound.

Long-Term Trend Still Negative

XLM trades below all major moving averages on both daily and 3-day charts. The 20, 50, 100, and 200 EMAs are above current price levels. These averages continue to slope downward.

Price action shows weakness. The past 7 days brought a 3.2% decline. Over the last 24 hours, the price slipped by 0.7%, now sitting around $0.2131. Trading volume over that period was about $78 million.

These conditions reflect a weak trend. Unless buyers reclaim higher ground above $0.225, the pressure is likely to stay.

$0.102 Becomes the Focus Level

With the $0.21 support in question, $0.102 has become the next level traders are tracking. The 3-day chart shows this area as the next major zone.

Ali stated, 

This level is seen as a possible target if current conditions continue.

The market is watching closely. If buyers cannot defend current support, price may drift toward this lower range. Traders will look for signals at both $0.21 and $0.102 before the next move.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.