Stellar (XLM) chart is flashing warning signs. Just when it seemed like the price was building momentum, things took a sharp turn. Not long ago, XLM broke out above a long-term descending trendline. That move gave traders hope that a real bullish run was about to begin but that hope didn’t last.
Instead of continuing higher, the price formed a new rising trendline, only to break below it again. Now, both trendlines are gone. That kind of double breakdown usually signals that the bullish scenario is no longer valid. And right now, there’s not much strength left on the chart.
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$0.234 Support Must Hold for Stellar to Spike
The only thing keeping the XLM price afloat is the $0.234 support zone. This level used to be resistance in the past. It flipped into support when price climbed above it, but it’s now being tested again. There’s a real risk that this level breaks.
So far, there’s no strong bounce. The market is just moving sideways, showing indecision and a lack of buying pressure. If the $0.234 level fails, the XLM price structure turns fully bearish. With this, any dreams of a move toward $1 would be at serious risk.
If Support Breaks, These Are the Next XLM Price Levels
If Stellar falls below $0.234, the next level to watch is around $0.193. That would be a nearly 30% drop from where the price is now. It’s a key historical level and could act as a bounce zone, but there’s no guarantee.
If that fails too, the next level is $0.146. This would erase most of the gains that XLM saw during the late 2024 rally. It would basically reset the chart back to where it started before the breakout ever happened.
Momentum Indicators Are Bearish
Momentum indicators are also not looking good.
The RSI is sitting around 49 and heading lower. That means the market is losing strength and isn’t showing any signs of a bullish reversal. It’s not oversold yet, just weak.
The MACD confirms this view. The signal lines are both below zero, and the histogram is flat. That’s a classic bearish setup. There’s no divergence or buildup that would suggest a big move upward is coming.
The $1 Target Is Fading Fast
This is a critical moment for the XLM price. Stellar has already broken two major trendlines, and it’s now sitting on its last real support at $0.234. If this support fails, there’s not much holding it up before the price slides to $0.19 or even lower.
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The bullish breakout setup is already broken and unless buyers step in fast, the target of $1 could shift from possible to purely speculative.
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