Despite maintaining its long-term base near $0.22, the broader setup signals weak momentum and sustained selling pressure across spot and derivatives markets.

Technical indicators point to limited bullish participation, with the token struggling to recover from its recent declines.

Range-Bound Structure and Bearish Crossover

On X, market analyst Ripple Bull Winkle provided an updated technical assessment of Stellar, noting that the asset is currently trading within a range between $0.22 and $0.35, defining this area as the immediate “battleground.” According to the analysis, $0.22 represents a major support zone, while $0.35 remains a near-term resistance cap tested multiple times but not yet breached.

Source: X

The analyst emphasized that the coin’s 20-day moving average (MA20) at $0.30 remains below the 50-day moving average (MA50) at $0.34, forming a bearish crossover that signals continued downside risk. Price action below both moving averages reinforces the weakening trend structure.

The Relative Strength Index (RSI) currently reads 41, indicating neutral but bearish-leaning momentum as it remains under the 50 threshold. Key resistance levels are outlined at $0.35, $0.39, and $0.41, while supports at $0.26 and $0.22 define the lower range.

The analyst noted that “as long as $0.22 holds, bulls retain control,” but warned that if this level cracks, “expect a fast momentum shift,” signaling potential acceleration to the downside.

Market Data Shows Moderate Decline in Market Metrics

According to BraveNewCoin, Stellar trades at $0.28, marking a 3.36% decline over the past 24 hours. The asset’s market capitalization stands at approximately $9.04 billion, with a 24-hour trading volume of $167.70 million and a circulating supply of 32.09 billion tokens. The token currently ranks 22nd among global cryptocurrencies by market capitalization.

Source: BraveNewCoin

Despite maintaining a large-cap position, the coin’s recent weakness aligns with reduced market participation and declining transaction momentum. The recent contraction in daily volume suggests cautious trading behavior, with fewer attempts to reclaim upper resistance zones.

This data reinforces a technically defensive environment for the coin, where support levels continue to be tested amid a lack of strong follow-through buying.

Bollinger Bands and Chaikin Money Flow Indicate Ongoing Bearish Conditions

A review of technical indicators on XLM’s market cap chart highlights sustained bearish pressure. Following a major spike in early July, when Stellar’s market capitalization briefly approached $16.19 billion, the token entered a gradual downtrend, returning to a current value near $8.82 billion.

Source: TradingView

Analysis of the Bollinger Bands shows that volatility has narrowed over recent weeks, with the coin’s market cap consistently trading below the basis line (now near $9.66 billion) and trending toward the lower band at $8.46 billion. Price behavior near this boundary typically indicates increased downside pressure or developing oversold conditions, but without clear reversal confirmation.

The Chaikin Money Flow (CMF) reading at -0.19 underscores weak accumulation and persistent selling dominance since early September, when CMF first turned negative. Sustained values below the zero line suggest continued net capital outflows from the asset, consistent with the decline in both price and market cap.

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Filed under: Bitcoin - @ November 9, 2025 9:15 pm