$XLM is currently experiencing bearish pressure on the hourly chart, with a sharp decline from the local top of $0.4942 to a low of $0.4494. The candles show a clear downtrend, and attempts to bounce are facing resistance near the $0.457 area.
🔸 MACD: Bearish crossover remains intact. Histogram bars are deep red—no signs of reversal yet.
🔸 RSI (6): Currently at 32.97, approaching oversold territory, hinting a potential bounce—but caution is key.
🔸 Trend: Lower highs and lower lows continue to form, signaling ongoing downside momentum.
📉 If you're in a trade: Watch support at $0.4494—a break below could drag XLM even lower.
📈 Looking to enter? A bounce confirmation with volume near $0.4494 might offer a short-term scalp. But wait for bullish signals.
Stay sharp—momentum is still favoring the bears! 🐻
