Stellar News 2025: XLM Drops to $0.24 as Open Interest Declines Amid Downside Risk

Stellar (XLM) is experiencing cautious trading with a clear downtrend characterized by lower highs and lower lows, sliding from around $0.29 to nearly $0.227. Open interest has significantly declined from 72 million to below 60 million contracts, suggesting traders are closing positions rather than accumulating new shorts, indicating trend exhaustion rather than strong directional conviction. Currently, XLM is priced around $0.24, with a market cap of $7.70 billion, struggling to find a stable floor between $0.225 and $0.245. Technical indicators on TradingView reinforce the bearish sentiment, with XLM trading below the Bollinger Band basis ($0.2688) and the MACD showing persistent downward momentum, suggesting sellers are likely to maintain control without a significant bullish reversal signal.

(Source：Brave New Coin)