✨ XLM’s Uptrend Cools Off
Stellar [XLM] surged 110% in a week but is now seeing signs of exhaustion. A recent 10.6% dip aligns with BTC’s own 4.95% pullback from $123.2K to $117.1K, signaling profit-taking at the $0.51 resistance.
📊 Short-Term Bullish Signals Hold
Despite the drop, Funding Rates remain positive. Spot CVD’s uptrend shows sellers haven’t dominated yet, suggesting the pullback may be shallow. Open Interest fell by $20M, indicating long liquidations and profit-taking.
✅ Support Zone Retest at $0.42–$0.44
Fibonacci levels from the June rally highlight $0.42–$0.44 as a key demand area being retested now. A/D and CMF indicators show strong recent buying, with CMF at +0.23, signaling solid capital inflow.
⚠️ Near-Term Risks
However, the 4H chart revealed a bearish divergence with MFI cooling from 97.7. XLM dipped to $0.43, revisiting its fair value gap. If Bitcoin falls below $116K, XLM could see deeper losses.
📈 Bullish Bias Intact
Until BTC confirms a deeper correction, traders may maintain a bullish bias for XLM, watching $0.44 as the launchpad for the next leg up.
Top comments (0)