The post Stellar [XLM] price prediction – Examining why $0.27 is a key level for altcoin appeared on BitcoinEthereumNews.com.

XLM has lost 11.1% of its value over the last 7 days Analyst believes a drop to $0.23 may be next if Stellar fails to hold $0.27 as support Since hitting a local high of $0.3344 a week ago, Stellar [XLM] has traded within a descending channel. Over the past week, XLM has declined to hit a local high of $0.276. In fact, at the time of writing, XLM was trading at $0.2799. This marked a 4.26% decline in 24 hours. On the weekly charts, the altcoin was down by 11.1%. This  strong decline over the past week has left crypto analysts talking over the altcoin’s trajectory. One of them is Ali Martinez, with the analyst hinting at a prospective decline to $0.23. Source: X In his analysis, Martinez noted that Stellar could face a strong price correction as bearish momentum builds. According to him, XLM must hold the $0.27-level to avoid further losses. A breach below this level will see the altcoin find the next support around $0.23. In light of this worrying trend, it’s important to assess and determine what XLM’s charts seemed to suggest. Is the altcoin set for further losses? According to AMBCrypto’s analysis, Stellar has been seeing strong downward pressure as bears take hold of the market. Source: Santiment We can see this bearishness as investors take a step back in the market. Consider this – Stellar’s Open Interest aggregated by exchanges has declined for 6 consecutive days. At press time, the altcoin’s Open Interest sat at $38 million – A decline from $49 million. When Open Interest falls, it means that new investors are not opening new positions while existing ones are exiting the market. Source: Santiment Additionally, looking at the altcoin’s funding rate aggregated revealed that it declined into negative territory again. A…

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Filed under: News - @ May 20, 2025 1:25 am