Stellar Forecast: XLM Set to Drop to $0.19 Before Strong Rebound Toward $0.28
Stellar price is trading at $0.219698 as of the time of writing. Stellar (XLM) trading volume has seen notable changes over the past 24 hours, standing at $152 million, with XLM down 3.18%. Analysts predict a potential dip before a strong recovery. This forecast follows recent trends in the Stellar DEX, which have been volatile, reflected by the changes in its TVL.
XLM has been experiencing a bearish trend within a descending channel. Based on Ali_Charts, the ongoing downward trend suggests the possibility of a drop to $0.19. If XLM stabilizes after the expected dip, it could experience a rebound toward $0.28 within the next few weeks as market conditions adjust and investor sentiment improves.
The technical indicator Relative Strength Index (RSI), shows that the coin is nearing oversold conditions. The RSI is at 45.67, indicating a neutral position but also approaching oversold territory, suggesting that the selling momentum might soon slow down.