$XLM is reflecting a 2% increase over the past 24 hours but a 7-11% decline over the last week, indicating short-term bearish pressure.
Technical indicators show a bearish crossover on the 2-hour chart, with the 20-period EMA falling below the 50-period EMA, suggesting potential for further downside if support at $0.39 fails.
Despite this, trading volume has surged 18-75% recently, hinting at increased market activity and possible consolidation.
Long-term sentiment remains cautiously bullish, with predictions targeting $0.52-$1.31 by year-end if key support levels hold.