XLM Price Struggles Despite Steller’s On-Chain Growth – What’s Next?
Despite Stellar's on-chain growth and rising social buzz, XLM price shows bearish divergence and remains trapped in a descending channel.Summary
Stellar (XLM) price has seen a minor 2.8% recovery over seven days, but the broader three-month trend remains bearish, with a nearly 29% drop.
Technically, XLM is flashing a hidden bearish divergence on the RSI, indicating weakening momentum despite recent price increases, similar to a setup that preceded a 32% correction in September/October. This technical weakness contrasts sharply with strong on-chain fundamentals; Stellar's tokenized real-world asset (RWA) value jumped 26.51% in 30 days to $638.8 million, fueling increased social dominance.
Currently, XLM is constrained within a descending channel, keeping the price below the $0.38 resistance. A breakout above $0.38 is needed to signal a potential trend shift, while failure to hold the $0.30 support could lead to a drop toward $0.23.
(Source：BeInCrypto)