The post Stellar Slips as Key Support Breaks, Signaling Mounting Bearish Momentum appeared on BitcoinEthereumNews.com.

Stellar’s price weakened on Nov. 17, slipping 1.2% over 24 hours as volatility and volume surged. XLM fell from $0.2580 to $0.2548 while carving out a choppy consolidation range of 3.3%. The session’s tone shifted notably after a sharp rejection from resistance near $0.2607, confirming a breakdown from the prior uptrend and signaling deteriorating momentum. The most decisive move came around 13:00 UTC, when a 30.4 million XLM volume spike—well above the daily average—drove XLM below its ascending trendline from $0.2521. Subsequent 60-minute action showed accelerating bearish pressure, with heavy selling pushing the token from $0.2586 down to $0.2535. The breach of key support at $0.2527 and new session lows around $0.2531 have opened the door to a possible retest of the psychological $0.2500 zone. XLM/USD (TradingView) Key Technical Levels Signal Bearish Momentum for XLM Support/Resistance: Primary support tests at $0.2527 before breakdown, with $0.2500 psychological level as next target; resistance establishes at $0.2607 with session high rejection at $0.2617. Volume Analysis: Massive spike to 30.4M during breakdown represents 78% increase above 24-hour average, confirming institutional selling pressure at critical levels. Chart Patterns: Ascending trendline from $0.2521 breaks decisively, volatile consolidation pattern with 3.3% range suggests continued uncertainty in near-term direction. Targets & Risk/Reward: Immediate downside target at $0.2500 represents 1.9% decline from breakdown level, while recovery above $0.2580 needs to occur to negate bearish structure. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/11/17/stellar-slips-as-key-support-breaks-signaling-mounting-bearish-momentum

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Filed under: News - @ November 18, 2025 1:27 am