Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide?

Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide?

CryptoNewsNetCryptoNewsNet2026/07/09 17:15
By:CryptoNewsNet
Back to the list

Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide?

Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide? image 0  thenewscrypto.com 32 m
Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide? image 1
  • Stellar ($XLM) is trading at $0.18.
  • Sellers are dominating the market structure.

After an extended downtrend, Stellar ($XLM) has carved out a falling wedge, a pattern that resolves to the upside. Price is holding the lower trendline, and is seeing the buyers step in faster than before, a sign that selling pressure is losing its grip.

The repeated wedge formations suggest bulls are quietly building a base rather than chasing price. A clean breakout above the descending resistance, backed by strong volume, could unlock a sharp relief rally, potentially targeting the next major resistance zones above current levels.

A confirmed breakout could shift sentiment from bearish to cautiously bullish, and pull sidelined capital back in. Stellar is holding above its lower trendline, which keeps the current bullish structure intact. A breakout above the descending resistance with strong trading volume could trigger a relief rally toward the next resistance levels.

However, the $XLM price is trading within a tightening range, suggesting a significant move may be approaching in either direction. At the time of writing, the asset is hovering at $0.1804, after a modest loss of over 1.37%. Notably, the trading volume has skyrocketed by over 299% to $869.49 million.

Where Will the Stellar Price Head Next?

The recent price chart of the $XLM/USDT pair shows the dominance of bears, with the nearest support at the $0.17 range. With the prolonged downside correction, the asset could invite the death cross to pop up, and break down further below.

With a bullish shift in the Stellar market trend, the price could climb up to the resistance at around $0.19. Moreover, a steady and stronger move on the upside triggers the golden cross to emerge, which might likely push the asset’s price higher.

Both Stellar’s Moving Average Convergence Divergence (MACD) line and signal line are below the zero line, which indicates a strong, established macro downtrend. The long-term momentum is firmly negative. Also, the sellers are dominating the market structure, making the asset weak, with the overall tide pulling prices lower.

Stellar (XLM) Struggles for Direction: Will Bulls Step In Before Bears Extend the Slide? image 2 (Source: TradingView)

The daily Relative Strength Index (RSI) staying at 27.32 suggests that Stellar is oversold. The price has sustained a sharp, aggressive drop, pushing it below the critical 30 threshold. Momentum is heavily overextended to the downside. The asset is vulnerable to a sudden short squeeze, relief rally, or sideways consolidation as selling pressure dries up.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI boom reshapes the wafer foundry landscape! UBS: Explosive demand accelerates advanced process expansion, mature process enters upward cycle

UBS stated in a recent research report that within the foundry market, the Total Addressable Market (TAM) for the N2 (2nm) node far exceeds expectations, A14 (1.4nm) production expansion is accelerating, and the upcycle for mature process nodes has already begun.

智通财经•2026/09/28 07:51

$1,999 Foldable iPhone Is Ready, but Apple (AAPL.US) Faces Over $5.7 Billion Patent Penalty

As Apple intensifies its efforts in foldable displays and AI business, it faces a haptic technology patent compensation ruling exceeding $5.7 billion. On September 25, a federal jury in California found that Apple's Taptic Engine, used in certain iPhone and Apple Watch models, infringed on two patents held by Taction Technology.

智通财经•2026/09/28 07:31

5% US Treasury pressure weighs on global assets, while Australian government bonds open up a window for allocation? Fixed income giant Pimco calls the rate hike expectations too aggressive

Pacific Investment Management Company (Pimco) holds a constructive view on Australian bonds, believing that market expectations for rate hikes are too high. Pimco stated that the rate hike cycle in Australia has been "fully priced in," and cracks are beginning to appear in the economy, making Australian bonds look attractive, especially in the 5- to 10-year segment of the yield curve.

智通财经•2026/09/28 07:01