The trend line resulted in numerous rejections, with the most recent one occurring in August 2025 (red icon).
While the XLM price bounced after that decline, it failed to reach the trend line, a decisive sign of weakness for the price movement.
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Last week, the XLM price fell to a low of $0.160 but bounced (green icon), creating a massive long lower wick.
While the wick prevented a breakdown from the $0.230 support area, the sheer magnitude of the decline is a cause for worry.
Momentum indicators are on the precipice of a breakdown. The Relative Strength Index (RSI) briefly moved below 50 while the Moving Average Convergence/Divergence (MACD) made a bearish cross (black circle).
However, momentum indicators are decisively bearish, since both the RSI and MACD are on the precipice of breakdowns.
Because of this, a decline to the $0.230 horizontal support area is more likely than a breakout above the diagonal resistance.
Can Stellar Rebound?
The daily time frame chart is slightly more bullish than the weekly ones, especially when looking at Coinbase’s XLM to USDT chart, which had a much shallower breakdown compared to Binance’s.
The daily chart shows that XLM has traded within a descending parallel channel since July 2025 and bounced at its support trendline on October 10.
The descending parallel channel and the $0.320 horizontal area remain intact, which also supports the bounce.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
