🚨 Bearish Momentum Takes Over
Stellar (XLM) has turned bearish, dropping 14% on February 25 and falling below the critical $0.31 support level. Currently trading near $0.279, this breakdown signals a potential deeper correction.
📊 Technical Analysis: Next Support at $0.19?
XLM closed a daily candle below its 200 EMA, confirming the bearish trend. If selling pressure persists, the token could slide another 32% to $0.19 in the coming days.
💰 $7M XLM Outflow Signals Accumulation
Despite bearish sentiment, $7.1M worth of XLM has been withdrawn from exchanges in the last 48 hours. Such outflows often indicate buying pressure, as long-term holders accumulate at lower prices.
📉 Traders Bet Big on Shorts
Short sellers are dominating, holding $3.42M in short positions at $0.306, believing XLM won’t rise above this level. Meanwhile, long traders are overleveraged at $0.272, expecting a rebound.
⚖️ Market Divided: Buy the Dip or Short Further?
While investors accumulate, traders are betting on further declines. If XLM fails to reclaim support, further losses seem likely.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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