The post Stellar Falls to $0.23 as Momentum Weakens Across All Timeframes appeared on BitcoinEthereumNews.com.

Stellar price is trading near $0.23, down 8.58% in the past 24 hours, marking one of its sharpest single-day declines in recent weeks. The selloff pulls the coin back toward multi-month support levels as both price action and derivatives participation show a clear deterioration in bullish conviction. The broader market resistance and risk-off sentiment appear to be weighing heavily on the token’s short-term performance. Price Breaks Down From Range as Open Interest Slides On the 1-hour chart, XLM/USD begins with a steady multi-day uptrend characterised by higher highs and strong bullish candles around the 22nd–24th. This rally shows clear buying pressure, with price pushing firmly into the $0.25–$0.26 region. However, once the uptrend peaks, momentum fades, and a sideways-to-downward consolidation emerges. From the 26th onward, candles compress into tighter ranges, showing equilibrium between buyers and sellers before a major breakdown. The final segment of the chart reveals a sharp crash, dragging the coin toward $0.23 with significant bearish momentum — a clear exit from the prior consolidation structure. Source: Open Interest Open interest provides critical confirmation. During the initial rally, OI rises aggressively, signalling new long positions fueling the uptrend. But once the market shifts sideways, OI begins a persistent decline. This indicates that traders are closing positions, reducing exposure, and stepping away from the market. By the time price collapses, OI has already fallen significantly — showing that the selloff is driven by lack of conviction rather than aggressive new shorting. The decline to roughly 61.7M OI reflects a more cautious and neutral environment among derivatives traders. Stellar Down 8.58% as Liquidity Holds Steady BraveNewCoin lists Stellar at $0.23, with a market capitalisation of $7,485,870,124 and a 24-hour trading volume of $145,972,806. The token ranks 24th by market cap, supported by an available supply of 32,313,233,731 tokens. The strong…

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Filed under: News - @ December 2, 2025 4:23 am