🌟 Will Stellar [ $XLM ] Rally Again? 🚀 THIS Level Holds the Answer
📈 Stellar (XLM) Price and Performance
Stellar (XLM) was trading at $0.4115, up 0.77% in the last 24 hours, with a 24-hour low of $0.364 and a high of $0.4384. Despite a 279% rally over the past 30 days, XLM has lost momentum recently, sitting 55.79% below its $0.9381 ATH from January 2018.
📉 Key Levels and Fibonacci Support
XLM's price retraced to the 50% Fibonacci level at $0.3685, now a critical support zone. Holding above this level could signal a reversal and lead to targets at $0.8478 and $1.1687. A break below $0.3030, however, may result in deeper corrections, shifting the market sentiment bearish.
📊 Momentum and Resistance
The RSI at 51.42 reflects neutral momentum, while the Awesome Oscillator shows declining bullish pressure. On the 4-hour chart, resistance at $0.4191 and support near $0.3500 indicate stabilization. If bulls regain control, XLM could climb toward $0.5000.
⚖️ Market Sentiment and Long/Short Ratio
XLM's Long/Short Ratio shows fluctuating sentiment, recently dipping below 1, signaling a cautious market leaning bearish. This reflects traders' uncertainty about XLM's short-term movements.
💡 XLM’s TVL Growth
XLM's Total Value Locked (TVL) surged from $10-20 million to nearly $70 million in late 2024, driven by increased liquidity and network activity. Though it has retraced to $55 million, TVL remains significantly higher than earlier levels, showing sustained investor confidence.