🚨 #Stellar ($XLM ) in Danger: Heading to $0.28?

The recent Stellar rally seems to be losing momentum. After a 53% increase in July, the price has fallen more than 4% in the last 24 hours, and several key signals suggest that selling pressure is increasing.

Key Technical Signals

* "Death Cross": The 2-hour chart shows that the 20-period EMA has crossed below the 50 EMA, which historically indicates increasing bearish momentum.

* Positive Exchange Flows: For the first time in weeks, more XLM is entering exchanges than leaving, a sign that holders may be preparing to sell.

* Bearish Sentiment: The Bull-Bear Power index has returned to negative territory, and 60.67% of traders are short, betting on a price decline.

Critical Levels to Watch

The price of XLM is at a crucial support of $0.37.

* If the support breaks: We could see a drop to $0.33, and even a plunge to $0.28.

* The bullish hope: To reverse the situation, XLM must surpass $0.40 and $0.45, but confirmation of a new bullish trend will only be achieved with a breakout above $0.52.

With technical signals and market sentiment aligning against it, Stellar's structure appears fragile.

Will the bulls defend the $0.37 support, or will XLM continue its descent?