XLM’s Descent: Will $0.36 Be Its Final Resting Place? 🚀📉

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XLM price is currently exhibiting the resilience of a wet tissue in a hurricane, as bearish pressure sweeps through the crypto cosmos like a particularly grumpy ghost. The token is trading near $0.3827, which is roughly the same as a teacup full of regret. It’s down 0.05% in 24 hours and 4.48% over the past week, because apparently, even the stars are tired of this. With a market cap of $12 billion (which is like saying a sponge has a budget) and 24-hour volume of $329.25 million (enough to buy a small island, if the island is very, very sad), Stellar price is struggling to hold critical levels as selling pressure outweighs buying demand. 🌌

The recent sell-off appears to have been led by institutional traders, who offloaded over 60M XLM worth about $24.6M. This is the financial equivalent of a toddler throwing a tantrum in a library. Also, DeFi TVL slipped from $143.35M to $142.48M month-on-month, which is like watching a snail lose a race. Competitors like Solana and BSC are sprinting ahead, while XLM is still figuring out how to tie its shoes. So what’s in store for XLM in the near term? Let us decode the same in this price analysis, which is about as reliable as a weather forecast in a tornado. 🧨

XLM Price Analysis

XLM’s price decline accelerated on August 19, when it broke below the $0.403-$0.405 support zone after a 1.75% intraday drop. This move coincided with trading volumes spiking to 52.17M XLM, triggering algorithmic sell orders. It’s like the market decided to throw a party and everyone brought a pitchfork. 🕯️

Talking about technical indicators, the MACD histogram at -0.00556 shows that downward momentum is still building. While the RSI at 35.41 signals oversold conditions, but no bullish divergence yet. If Stellar posts a daily close below $0.38, it could lead to cascade liquidations, pushing the price toward the next key support around $0.36. Which is basically the crypto equivalent of a cliffhanger in a soap opera. 🧠

On the upside, Stellar’s price would need to reclaim $0.39-$0.40 to neutralize immediate selling pressure. A strong close above this zone could open the door for a retest of $0.405-$0.42. But current indicators suggest consolidation or further decline is more likely in the short term. Because the market is as predictable as a tea party in a hurricane. 🌪️

FAQs

Why did Stellar break below $0.40 support?

Institutional selling of over 60M XLM and weak ecosystem growth triggered the drop. It’s like a toddler throwing a tantrum at a fancy dinner. 🙃

What happens if XLM closes below $0.38?

It could spark cascade liquidations, dragging the price toward $0.36 support. Imagine a game of Jenga where the tower is made of hope. 🧱

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2025-08-28 12:04