Stellar (XLM) Price Hits Monthly Low: What's Next?
Stellar (XLM) is trading at its lowest levels in a month, down 14% over the last 30 days and 5% in the past 24 hours following the escalation of the Israel-Iran conflict. The recent drop has pushed several technical indicators into bearish territory, with the price hovering near critical support levels.
A newly formed death cross and rising ADX suggest downward momentum remains in control, while RSI shows only a slight rebound from oversold conditions. With sentiment shaken and XLM under pressure, the coming days will be pivotal in determining whether a breakdown or reversal takes hold.
Stellar RSI Rebounds Slightly but Remains Near Oversold Territory
Stellar’s Relative Strength Index (RSI) is currently at 32.63, a slight recovery from yesterday’s 26.93 reading but still well below the 69.20 level seen just two days ago.
This sharp swing reflects a rapid shift in market sentiment, with XLM moving from near-overbought territory to the edge of being oversold in less than 48 hours.
The rebound from sub-30 levels suggests that some buying interest has returned, but the broader trend remains weak, and momentum is still fragile.