The post Stellar (XLM) Price Tests Lower Support at $0.36 Amid Bearish Momentum appeared on BitcoinEthereumNews.com.

Zach Anderson
Sep 28, 2025 07:21

XLM price drops 1.05% to $0.36, testing critical support levels with RSI at 41.58 signaling potential oversold conditions ahead.

Quick Take • XLM currently trading at $0.36 (-1.05% in 24h) • Stellar’s RSI at 41.58 approaching oversold territory with bearish MACD signals • No significant market catalysts in recent trading sessions What’s Driving Stellar Price Today? The XLM price has experienced modest downward pressure over the past 24 hours, declining 1.05% without any major news catalysts driving the movement. This price action appears to be part of broader market consolidation rather than reaction to Stellar-specific developments. With no significant announcements or partnerships emerging in recent days, XLM’s current price movement reflects technical factors and general cryptocurrency market sentiment. The lack of fresh catalysts has left traders focusing primarily on chart patterns and key support levels to guide their decisions. XLM Technical Analysis: Bearish Signals Emerge The Stellar technical analysis reveals several concerning indicators for short-term price action. XLM’s RSI sits at 41.58, positioning the token in neutral territory but trending toward oversold conditions. This XLM RSI reading suggests selling pressure may be intensifying, though it hasn’t reached extreme levels yet. Stellar’s MACD indicator paints a more bearish picture, with the main line at -0.0070 and the signal line at -0.0044. The negative MACD histogram of -0.0025 confirms bearish momentum is building for XLM. Additionally, Stellar’s Stochastic indicators show %K at 22.62 and %D at 25.34, both in oversold territory and signaling potential downward pressure. The moving averages tell a mixed story. While XLM price remains above the long-term 200-day SMA at $0.32, it’s trading below shorter-term averages including the 20-day SMA at $0.38 and 50-day SMA at $0.39. This configuration suggests medium-term bearish sentiment despite the…

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Filed under: News - @ September 28, 2025 7:26 am