Stellar Facing Bear Market: Death Cross Warning and Potential Rebound?

Stellar (XLM) has entered a bearish trend marked by a death cross pattern on its daily chart. This signals the 50-day moving average crossing below the 200-day moving average, often viewed as a warning sign of sustained price decline. The asset’s current price point of $0.234 XLM shows over a 3% drop since yesterday’s opening, and has failed to establish an upward movement despite reaching its peak in early December 2024. Experts attribute this trend to broader market instability indicated by negative trends on both the 50-day and 200-day moving averages.