Stellar’s native token, XLM, is hovering near a key support level at $0.15, with technical indicators suggesting the selling pressure may be fading. The relative strength index (RSI) sits at 39, a reading often interpreted as a sign that sellers are running out of steam after a prolonged decline.
Accumulation pattern emerges near support
Traders are watching whether XLM can hold above $0.15 in the coming days. The token has been oscillating in a tight range, and the current price action is forming what analysts describe as an accumulation pattern — a phase where buyers gradually step in after a downtrend. If the pattern holds, the setup points to a potential 20% upside move toward the next resistance level at $0.18.
Time frame and resistance target
Based on recent technical behavior, the move to $0.18 could materialize within roughly 14 days, assuming the accumulation continues without a breakdown below the $0.15 floor. The $0.18 level has acted as a barrier in previous trading sessions, so a break above it would signal a stronger reversal.
RSI at 39: what it means for traders
An RSI of 39 places XLM in neutral-to-oversold territory, but not yet at the extreme levels that often precede a sharp bounce. The indicator, which measures the speed and change of price movements, shows that selling momentum has slowed compared to earlier weeks. For traders, this often serves as a cautious signal to watch for a reversal rather than a confirmation of further downside.
No official statements from the Stellar Development Foundation or related parties have been issued regarding the current price movements. Market participants are left to interpret the charts and order flow as they gauge whether $0.15 will hold as support.
