Stellar (XLM) on Verge of Sudden Death Cross
The post Stellar (XLM) on Verge of Sudden Death Cross appeared on BitcoinEthereumNews.com.
Stellar (XLM) has lost over 6% of its price value in the last 24 hours. The XRP rival appears likely to drop into more bearish territory, as its three-hour chart indicates a death cross is on the horizon. According to CoinMarketCap data, the formation of a death cross is imminent, as indicated by shifts in the 9-day and 26-day moving averages. Bearish pattern emerges as XLM price slips Notably, a death cross is a technical pattern that often signals a prolonged period of decline. This period is also characterized by declining investor confidence in the asset. On the crypto market, Stellar is witnessing very low interest from investors as trading volume has dropped by a significant 12.43% to $845.92 million. You Might Also Like According to the death cross, it appears likely to form within a price range of between $0.4680 and $0.4684. Meanwhile, Stellar has slipped from its peak of $0.493 on a downward path. As of press time, Stellar is trading at $0.4608, representing a 6.45% decline over the last 24 hours. XLM 3H Price Chart | Source: TradingView Beyond the death cross, Stellar’s Relative Strength Index (RSI) at 74.93 indicates that the asset is slightly overbought and has weak momentum in terms of price. Additionally, the broader crypto market correction is also impacting the price outlook of XLM. Stellar’s past gains wiped The current market setup represents a significant shift from the first week of July, when Stellar was outperforming its rival, XRP. Then, XLM had diverged from XRP by as high as 5%, in a move that caught the attention of investors in the space. You Might Also Like Although XRP is also experiencing bearish pressure from the general market downturn, its price has decreased by 3.47% and is not as high as Stellar’s. Another bullish…
Filed under: News - @ July 23, 2025 4:25 am