Stellar (XLM) Price Shows Signs of Recovery, But Long-Term Outlook Remains Uncertain

Stellar (XLM) is experiencing a modest rebound after two days of decline leading up to the weekend. The cryptocurrency is currently trading at $0.27, having increased by 1.01% in the last 24 hours. While this positive movement suggests potential for recovery, its long-term sustainability remains unclear. Stellar began a downturn following reaching multi-year highs of $0.638 in November 2024. Despite attempts to revive the upward trend in January, bulls encountered resistance at $0.51, leading to continued declines. The price subsequently fell below the daily Simple Moving Average (SMA) 50, currently at $0.297.