Stellar and ApeCoin Price Forecast: XLM and APE Facing Further Downside Risk
The post Stellar and ApeCoin Price Forecast: XLM and APE Facing Further Downside Risk appeared on BitcoinEthereumNews.com.
Stellar hit its all-time high back in 2018, just four years after its launch, but since then, it’s taken quite a hit, dropping around 71% from those peak levels. Analysts say ApeCoin could hit $0.70 if it breaks the $0.65 resistance, while Stellar is likely heading for a correction. Stellar (XLM) is known for facilitating faster and cheaper cross-border payments, but the token has been struggling lately. After trying to push past the $0.28 resistance level, it just couldn’t hold the momentum. Back on June 11, the price failed to close above a key downward trendline, which didn’t help investor confidence. To top it off, the MACD indicator recently flashed a bearish crossover on the daily chart, another sign that the bulls might be losing steam. Technical analysts say Stellar keeps getting knocked back every time it tries to break past key resistance. The mood around it isn’t helping either, its RSI is sitting around 37, which points to growing selling pressure. If it can’t push higher soon, some experts believe it could dip toward $0.2441, and if market conditions worsen, possibly even drop closer to $0.2321. The latest derivatives data adds weight to the cautious sentiment surrounding Stellar (XLM). Trading volume in derivatives has dropped by 14.05% to $177.85 million, while open interest has slipped 4.14% to $148.52 million, both signs that traders are stepping back. XLM is trading at $0.2504, marking a 2.86% dip in the last 24 hours. Its market cap has also declined by 2.86%, now sitting at $7.81 billion, with a 3.76% drop in 24-hour trading volume to $203.52 million. These indicators suggest weakening momentum and growing hesitation in the market. On a more positive note, Valour, a subsidiary of DeFi Technologies, just rolled out a Stellar ETP in Swedish krona on Sweden’s Spotlight Stock…
Filed under: News - @ June 19, 2025 12:25 am