Stellar (XLM) price faces conflicting technical signals as its downtrend continues to deepen, with the coin dropping 29% over the past 30 days from its highest levels since 2021. A recent death cross formation on December 20 suggests mounting bearish pressure, though a spike in buying activity could signal a potential trend reversal.
The DMI indicates strengthening downward momentum with an ADX above 25, yet the CMF’s dramatic jump to 0.19 shows significant institutional accumulation. This technical divergence sets up a critical phase for XLM, with immediate support at $0.31 and potential resistance at $0.40 if bullishmomentum takes hold.
