Due to geopolitical tensions and confirmed bearish head and shoulders pattern, Stellar (XLM) faces significant downside pressure, dropping over 9.95% to $0.1486. Analyst Ali Martinez pointed out that key support levels are at $0.147, $0.078, and $0.041. If the daily closing price falls below $0.145, a further 28% decline could occur, with a target price of $0.105. Despite the ADX indicator reaching 30.40, derivatives data shows traders are heavily skewed toward short positions, with shorts totaling $1.49 million and longs only $296,000. However, the $319,790 outflow from exchanges suggests potential long-term accumulation.
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Due to geopolitical tensions and confirmed bearish head and shoulders pattern, Stellar (XLM) faces significant downside pressure, dropping over 9.95% to $0.1486. Analyst Ali Martinez pointed out that key support levels are at $0.147, $0.078, and $0.041. If the daily closing price falls below $0.145, a further 28% decline could occur, with a target price of $0.105. Despite the ADX indicator reaching 30.40, derivatives data shows traders are heavily skewed toward short positions, with shorts totaling $1.49 million and longs only $296,000. However, the $319,790 outflow from exchanges suggests potential long-term accumulation.