Stellar (XLM) has experienced a significant downturn, losing 3.96% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin, recording a 3.18% loss. Currently trading at $0.089664, Stellar is 42.13% below its predicted price of $0.154940 for October 8, 2024.

The broader market sentiment is bearish, with the Fear & Greed index at 37, indicating fear among investors. Stellar's price has dropped 4.21% over the past month and 20.92% over the past year. Key support levels are $0.089799, $0.088288, and $0.085622, while resistance levels stand at $0.093976, $0.096642, and $0.098152.

Despite a bullish medium-term trend, the long-term outlook remains negative. With 87% of technical indicators signaling a bearish forecast, the market sentiment for Stellar is pessimistic. Investors should exercise caution and closely monitor market developments.