Good grief! Stellar’s XLM has taken a bit of a tumble, old bean, plummeting 11% over the past week as the bears have decided to throw their weight around. 🧸⚖️ The crypto market, it seems, is having one of its little hissy fits, and XLM is feeling the brunt of it.
With the sellers back in the saddle, the poor altcoin is under the cosh and looking about as perky as a wet weekend in Worthing. That coveted $0.50 mark? Well, it’s looking as distant as Aunt Agatha’s sense of humor. 😓💔
XLM Bears: The Uninvited Guests at the Crypto Party 🎉🐻
On the old daily chart, XLM’s double-digit dip has sent it skidding below the 20-day exponential moving average (EMA). The 20-day EMA, now sitting pretty at $0.4187, is acting like a particularly stubborn bouncer, keeping the token out of the VIP section. 🕺✋ This, I’m afraid, is only adding to the downward pressure, old sport.
For those of you who fancy a bit of token TA and market chatter: If you’re keen for more of this sort of thing, what-ho! Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. 📩✨
Now, the 20-day EMA, for those not in the know, measures an asset’s average price over the past 20 trading days, giving a bit more weight to the recent prices. When the price is above it, it’s all champagne and caviar, signaling bullish momentum. 🥂🍾 But when it falls below, as XLM has done, it’s more like cold porridge on a Monday morning-sell-side pressure and weakening support. 😣❄️
And speaking of things going south, XLM’s price has also broken below the Leading Span A of its Ichimoku Cloud and is trending lower towards the Leading Span B. Not exactly the sort of trend one wants to see, what? 📉☁️
The Ichimoku Cloud, for the uninitiated, is a bit like a crystal ball for market trends, tracking momentum and identifying potential support/resistance levels. When the price falls beneath the Leading Span A, it’s a bit like the heavens opening up-bearish forces are gaining the upper hand. 🌧️🐻 And if it heads towards the Leading Span B, well, it’s not looking too spiffing for our old friend XLM.
So, unless XLM manages a jolly good rebound above the cloud, it seems this bearish trajectory might stick around longer than a particularly persistent houseguest. 🏠🙄
XLM in the Doldrums: Bears Calling the Shots 🎯🐻
All these indicators paint a picture of a market where the buyers are about as active as a sloth on a Sunday afternoon, leaving the sellers to run the show. Unless the bulls decide to pull their fingers out and reclaim control above the Cloud, XLM is likely to remain in the doldrums. 🌬️😔
In this rather dire scenario, the price could tumble towards $0.3717, where the Leading Span B is still trying to hold the fort. If that level gives way, XLM could find itself at $0.3620 faster than you can say “Jeeves, fetch my monocle!” 🔍💨
On the flip side, if the bulls decide to wake up and smell the roses, the token’s price could climb above the Leading Span B at $0.4236. But let’s not hold our breath, eh? 🌹🐂
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2025-08-20 13:31