Stellar (XLM) continues to face technical pressure as analysts say that a bullish reversal has not been confirmed. The asset is trying to hold its ground after a long consolidation period, but the trend is still not favorable. The focus is still on whether it can hold its support levels or not.

At the time of writing, XLM is trading at $0.1555, according to CoinMarketCap data, with a 24-hour trading volume of $186.96 million and a market capitalization of $5.15 billion.

The token has posted a modest 0.81% gain over the last 24 hours, offering limited relief following recent declines, though momentum indicators continue to reflect broader weakness.

Stellar Tests Crucial Support Zone

Crypto analyst More Crypto Online stated that the broader technical outlook for Stellar remains unchanged. In lower time frames, it appears that price is building a base; however, in the price action since the low of February 6, XLM has not had any clear impulsive movement upwards.

As per the analysis, an officially confirmed bullish reversal would involve the development of an entire five-wave advance as per the principles of Elliott Waves. Until that is confirmed, any short-term advance remains technically unconfirmed.

XLM is currently consolidating in a crucial support area at $0.142-$0.152. As long as XLM trades here, a bottoming chart pattern is still valid. A clean break below $0.142 could see XLM fall towards the next major support at $0.122. If the downtrend continues, the next major support is at $0.103.

With the current chart, there is a potential for further decline, considering that the upward momentum is still limited. Investors will watch how long the buyers can hold their ground and cause a rally upwards. This is because there is no five-wave impulse.

Stellar Bears Maintain Technical Control

Momentum indicators still show pressure on XLM. The RSI is at 30.25, with its signal line at 34.54, indicating high levels of selling but not a reversal, as buyers are not yet showing strength.

The price is currently trading at around $0.1555, which is below all major moving averages, indicating a downtrend. The major moving averages are as follows: 20 SMA $0.22936, 50 SMA $0.28880, 100 SMA $0.24474, and 200 SMA $0.17777.

The above view is supported by the MACD indicator, where the MACD line is at -0.04271, which is below the signal line at -0.03571, and the histogram is at -0.00700. This indicates that the downside momentum is still dominant in the short term.

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Stellar Faces Potential Further Decline

However, if the buying pressure does not improve, XLM might continue to be exposed to further consolidation or declines. Investors are waiting for the current support to act as a springboard for the price to move upwards, or if the selling pressure takes the price to lower levels.

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Filed under: Bitcoin - @ February 24, 2026 10:09 am