Stellar

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Stellar coin price bounced from the support zone of $0.1200 in the previous session.</a> </li> 
 <li> <span>2</span> <a>Technical indicators are revealing bearishness and suggest a possible fall.</a> </li> 
</ul> 
<p>The Stellar coin (XLM) price signifies a sharp retracement move and has eroded the initial gains of over 20% this week. Furthermore, the price action shows the follow on selling momentum and has retested the 200-Day EMA mark. However, the breakdown is not yet registered, and the coin held on to the support zone of $0.1200. If any bounce happens, the upside of $0.1500 is the prompt hurdle for the XLM coin.</p> 
<p>At press time, the Stellar coin (XLM) price was trading at $0.1258 with an intraday</p> 
<p>gain of 1.01%, reflecting neutrality on the charts. It has a monthly return ratio of 8.90% and 46.38% on a yearly basis. The pair of XLM/BTC is at 0.00000196 BTC, and the market cap is $2.54 Billion. Analysts are neutral and suggest the XLM coin price may attain a rebound and will showcase volatility in the next sessions.</p> 
<h2 class="wp-block-heading" id="strong-stellar-price-revealed-downmove-is-further-correction-ahead-strong"><strong>Stellar Price Revealed Downmove, Is Further Correction Ahead?</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (XLM), Volume (XLM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=stellar&amp;pt=XLM&amp;df=2024-01-06T00%3A00%3A00.000Z&amp;dt=2024-03-20T18%3A29%3A59.239Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%23284731%3B%237a89c9&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe> 
<p>The price chart showcased underperformance and signifying selling pressure in the past weeks. Amidst the recent bull run in the <a href="https://www.thecoinrepublic.com/2024/02/11/fsb-highlights-concerns-and-risks-involved-in-crypto-markets/" target="_blank" rel="noreferrer noopener">crypto market</a>, the Stellar coin did not contribute to the rally and stayed in the narrow range signifying the low investor interest. The trading volume remained average and witnessed a drop over 30% to $2.53 Billion in the intraday session.</p> 
<h2 class="wp-block-heading" id="strong-price-volatility-and-sentiment-overview-strong"><strong>Price Volatility and Sentiment Overview</strong></h2> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (XLM), Price Volatility 1w (XLM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=stellar&amp;pt=XLM&amp;df=2024-01-06T00%3A00%3A00.000Z&amp;dt=2024-03-20T18%3A29%3A59.239Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%233b6dc6%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p>Per the Santiment data, the volatility curve has risen over 35% to 0.066 implying the selloff and massive trading activity throughout the week. However, the weighted sentiment remained positive and stayed close to the midline of 0.946 revealing a positive outlook.</p> 
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-followers-activity-outlook-strong"><strong>Social Dominance and Twitter Followers Activity Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (XLM), Twitter Followers (XLM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=stellar&amp;pt=XLM&amp;df=2024-01-06T00%3A00%3A00.000Z&amp;dt=2024-03-20T18%3A29%3A59.239Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe> 
<p>The data indicates a sharp incremental move in the social dominance and the X followers’ activity in the past sessions. The social dominance data noted a surge of over 37% to 0.318%, whereas the X followers rose over 2% to 770k.</p> 
<h4 class="wp-block-heading"><strong>What Does Technical Indicators Show?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (XLM), RSI 1d (XLM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=stellar&amp;pt=XLM&amp;df=2024-01-06T00%3A00%3A00.000Z&amp;dt=2024-03-20T18%3A29%3A59.239Z&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest%3Brsi_1d&amp;wax=1&amp;wc=%235275FF%3B%23FFCB47&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe> 
<p>Following the price decline, the RSI curve persisted in dropping and slipped below the midline signifying the negative crossover on the charts. Additionally, the open interest has noted a drop of over 1.90% to $58.90 Million. The MACD indicator shows a bearish crossover and formed red bars on the histogram showcasing the seller dominance.</p> 
<p>Per the Fib levels, the coin has held the gains above the 23.6% zone and is close to the 38.2% level. The total supply of the XLM coin is 50 billion, whereas the volume to market cap ratio is 0.0759.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The Stellar coin price signifies a drop and reached the 200-Day EMA mark amid a selloff in the past few sessions. Moreover, the coin has underperformed and did not showcase any significant buying cues with low volume activity, implying a negative outlook.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $0.1200 and $0.1130</p> 
<p><strong>Resistance Levels:</strong> $0.1370 and $0.1500</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

Stellar Retested 200 Day EMA, Can XLM Continue To Lose Gains?

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