Amid the ongoing market uncertainty, Stellar’s native token XLM is under attack from the market’s bears. In fact, at the time of writing, the altcoin seemed poised for a notable price decline in the coming days. Alongside XLM, other major assets such as Bitcoin (BTC), Ethereum (ETH), and XRP also appeared to be facing similar conditions at press time.
Right now, XLM is at a crucial support area. However, due to selling pressure, it might be losing its ability to maintain this level. This could lead to a price dropXLM technical analysis and key levels
According to AMBCrypto’s technical analysis, XLM formed a descending triangle price action pattern on the daily timeframe and appeared to be breaching its support area.
In fact, this is the third time this month that XLM has tested the $0.334-support level. Each time the altcoin hit this level, the support level appeared to weaken even further.#CryptoETFMania $BTC