XLM Drops Seven Days as Bears Push Toward April Support

Published: 2025-12-16 13:15:41 |

Stellar Lumens (XLM) has declined for seven consecutive sessions amid broad crypto weakness, retesting June support near $0.217 and approaching April lows around $0.20. Derivatives data from CoinGlass show falling futures open interest, net bearish positioning as long liquidations outpaced shorts in the latest 24 hours, and a shift in the long‑to‑short ratio toward more shorts. Four‑hour technicals are bearish: RSI near oversold and MACD turned lower after a bearish cross. No on‑chain developments or project announcements accompanied the move. Key levels: immediate support $0.217, psychological/April support ~$0.20, deeper supports $0.1642 and the annual low near $0.16; upside resistance to reclaim sits near $0.2579. Traders should watch volume and open interest for confirmation — persistent OI decline with selling points to trend continuation, while rising OI on bids and failed new lows could signal a reversal. Primary keywords: Stellar Lumens, XLM price, futures open interest, long liquidations, RSI oversold, MACD bearish.

Bearish

The combined reports point to a bearish outlook for XLM. Price has fallen seven straight sessions and is retesting prior supports; derivatives metrics show falling futures open interest and recent net long liquidations, indicating weakening bullish conviction. Short‑term technicals on the 4‑hour chart (RSI near oversold, MACD bearish) signal growing downside momentum. For traders, the most relevant near‑term implications are increased short‑side pressure, higher risk of further downside toward 0.1642–0.16 if support at 0.217/0.20 fails, and the need to monitor volume and open interest for confirmation. A bullish case requires reclaiming resistance near 0.2579 with rising OI and buying volume; absent that, expect continuation or volatility around lower support levels. Longer term, unless on‑chain fundamentals or project catalysts emerge, repeated technical breakdowns and sustained bearish derivatives positioning can prolong downward pressure.