XLM is back under selling pressure after a brief rebound from last week's correction. The token trades at $0.195, just below its 200-day EMA resistance at $0.198, as bearish indicators pile up across the board.
Bearish Signals Intensify
Stellar's long-to-short ratio dropped to 0.73 on Tuesday. That's the lowest reading in over a month. Funding rates turned negative and kept falling. This shows traders are increasingly betting against XLM.
Technical Resistance Stands Firm
The price stays above the 50-day and 100-day EMAs at $0.182 and $0.179. But it can't break through the 200-day EMA wall at $0.198. RSI hovers near 45 while MACD has slipped below zero. That confirms momentum is fading fast.
Buy-Side Dominance May Backfire
CryptoQuant data shows strong buy-side activity in both spot and futures markets. Yet the report warns this overheated trading could trigger short-term pullbacks. The timing isn't great with the funding rate still sinking.
Traders now watch whether $0.198 holds as the next critical level. A break above would clear the path to $0.21, but the current setup suggests more pressure ahead.
