XLM Dey Under Pressure: Volume Dey Drop, Negative Funding Rates Dey Test $0.2175 Support Despite Strong On-Chain Growth
XLM don suffer sharp pullback as the 24-hour trading volume drop over 48% to $78.6 million, and price fall 35% from e May peak to test $0.2175 support. Bitcoin dominance don rise to 64.6%, wey dey divert liquidity from altcoins. Open interest for XLM perpetual futures dey under pressure, funding rates don dey lowest since June 30 and e dey remain negative most days since May. Technically, XLM dey trade below im 50- and 100-day EMAs inside one descending triangle. If e break under $0.2175 e fit trigger further 36% decline reach $0.15. But on-chain fundamentals still strong. Stellar record 197 million operations for June, stablecoin supply hit record $667 million, and real-world asset tokenisation TVL climb to $487 million in five months. Active addresses rise 10% to 146,700, weekly transactions increase 11% to 18.2 million. Potential catalysts na delayed golden cross wey fit push XLM to $0.26 and $0.30 plus PayPal planned integration wey dey wait regulatory approval.
Bearish
Di news dem dey talk sey XLM go drop for short term. The sharp drop for how people dey trade and negative funding rates still mean say bear people get strong mind and liquidity low. Technical analysis show say XLM dey trade below key EMAs inside one descending triangle, if e fall pass $0.2175 support e fit continue loss reach $0.15. Even though on-chain use strong and things like golden cross and PayPal join fit help demand long term, dem no fit stop the current selling pressure. Traders suppose watch support levels and volume recover for trend reversal sign.