Stellar (XLM) Price at Monthly Low – What's Next?

Stellar (XLM) has lost 14% in value. It has been testing the support level of $0.252 for the last 30 days. The formed death cross strengthens the downward momentum. The RSI indicator has slightly recovered from the oversold area, rising to 32.63, but is still weak. The fact that ADX has risen above 30 confirms the existence of a strong downward trend.

If XLM cannot regain the level of $0.276, critical support may be lost, and the price could fall below $0.25 for the first time since April.

Stellar is in decline following the Israel-Iran tension.

Due to the effects of the conflicts between Israel and Iran, Stellar (XLM) has lost 14% in value in the last month and has declined by about 5% in the last 24 hours. The price's proximity to critical support points has led technical indicators to strengthen their bearish signals.

The formed death cross and rising ADX indicate that the downward pressure is still strong, while RSI has only experienced a limited recovery. Market sentiment has weakened, and in the coming days, it will be closely monitored whether the price will break out or experience a recovery.

RSI Slightly Increased, But Still Oversold

Stellar's RSI value has slightly recovered from 26.93 to 32.63 yesterday. However, this is still well below the high level of 69.20 from two days ago. This sharp volatility reflects XLM's quick transition from overbought to oversold, indicating a sudden change in market sentiment.

The recovery of the RSI from below 30 indicates some buying interest has returned, but the overall trend is still weak and momentum is fragile. RSI is a momentum indicator that ranges from 0 to 100; above 70 is considered overbought, and below 30 is considered oversold.

The Rise of ADX Confirms Bears' Control

Stellar's ADX value has risen to 30.46, indicating that the strength of the trend has increased. The strength indicator for bulls, +DI, has risen to 14.37, while the indicator for bears, -DI, is at 32.37. These values express that bearish momentum is still dominant but the pressure has somewhat eased.

ADX gives a strong trend signal when above 25. Currently, -DI is above +DI, and the rise of ADX confirms that Stellar is in a strong downward trend. However, the increase in +DI indicates that buyers have started to slowly enter the market.

Death Cross and Support Test

Stellar's short-term EMA has fallen below the long-term EMA, creating a death cross; this technically signals that the decline will continue. The price is currently around $0.26. If the decline continues, the critical support level of $0.252 will be tested. If this support breaks, the price could drop below $0.25 for the first time since April, increasing selling pressure.

Possible Bullish Scenario

Technical indicators suggest that the worst may be over. If buying interest strengthens and the price breaks above the resistance of $0.276, XLM could rise towards the levels of $0.285 and $0.293. For a more solid rise, there is a target of $0.31, but this requires a strong increase in volume.

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