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Stellar (XLM) Price Update – Will It Recover or Drop Further?

Stellar (XLM) is facing a bearish trend, with the price currently at $0.2628, down 4.33% in the last 24 hours. The market cap stands at $8.07 billion, with a 24-hour trading volume of $332.98 million. Despite its strong presence in the crypto space, sentiment remains bearish, with the Fear & Greed Index at 30 (Fear).

Key Technical Levels

🔻 Support Levels:

  • $0.250 – Immediate support, holding for now.
  • $0.200 – A crucial demand zone if the price drops further.

🚀 Resistance Levels:

  • $0.280 – XLM must break above this to show strength.
  • $0.320 – A major breakout level that could signal recovery.

Market Outlook

XLM is struggling below its resistance at $0.280, and without a strong push from buyers, it could retest $0.250. If this support fails, a further decline toward $0.200 is possible. However, a breakout above $0.280 could shift momentum, with a target of $0.320 in sight.

With market sentiment still bearish, traders should watch these levels closely. 

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