XLM, the native token of Stellar, receives massive attention from traders and investors when approaching a significant price decrease. During his recent upward movement at the end of February and the beginning of March 2025, it was actively a bearish rising wig pattern.
XLM Technical analysis and price promotion
In the meantime, as the market sentiment shifts and the price continues to fall, XRP has reached a crucial lower limit of its rising wig pattern and now seems to consolidate. This ongoing XLM -price momentum seems to send sentiment in a bearish direction.
XLM price forecast
According to the technical analysis of experts, XLM is at an important level of $ 0.285, which now seems to be a Make-Or-Break situation for it. Based on recent price action and historical patterns, if XLM does not have this key level and closes a four -hour candle under $ 0.28, there is a strong possibility that it could fall by 15% to reach the level of $ 0.236 in the coming days.
On the other hand, if the sentiment shifts and the price of XLM rises, so that a daily candle above $ 0.31 is closed, it can clear the way for a huge upward rally. The daily graph of XLM indicates that it is actively in an upward trend, because it continues to act above the 200 exponential advancing average (EMA) on the daily period.
XLM’s current price momentum
At the time of the press, XLM acts near $ 0.286, after he has registered a price destination of 1% for the past 24 hours. In the same period, however, the trade volume fell by 10%, indicating a lower participation of traders and investors, possibly as a result of unclear market sentiment.
Traders Bearish View
With this Bearish price promotion and market sentiment, traders are strong on short positions.
Data from the on-chain analysis company Coinglass It appears that traders are currently used too much for $ 0.28 at the bottom, where they have built long positions for $ 995K. In the meantime, $ 0.297 is another over -level, in which traders have built $ 2.50 million in short positions.
This clearly indicates that sentiment against XLM Beerarish remains with traders, who can actively push it lower in the coming days.