Stellar (XLM) Price Analysis: Is Recovery Possible After the Drop?

Bittime - After experiencing significant fluctuations, the price of Stellar (XLM) is now in a consolidation phase. Price movements show conflicting signals, and currently, XLM is trading at approx $0.38 (Rp6.232). 

Although it is possible to experience a recovery of up to 16% towards the range $0.44-$0.45 (Rp7.216 - Rp7.380), XLM also faces the risk of further downside if the bearish momentum strengthens.

Latest Conditions of XLM Prices

To start a solid recovery, XLM need to stay above level $0.35 (Rp5.740), which coincides with the 100 EMA and has served as a historical support zone. Psychological level in $0.40 (Rp6.560), which is also in line with short-term moving averages, becomes the first resistance to break if there is increased buying pressure. 

XLM to USDT via Bittime

Previously, XLM experienced rejection in the range $0.44-$0.45 (Rp7.216 - Rp7.380), but if it succeeds in breaking through $0.40, momentum can move in that direction.

XLM Support and Resistance Level Analysis

If the buyers can maintain the momentum, the next resistance level is at $0.47 (Rp7.688) maybe it will be tested again. The Relative Strength Index (RSI) and other important indicators suggest that XLM is approaching oversold conditions, which could trigger an influx of buyers. 

Read too How to Buy Stellar (XLM)

If trading volume increases, there is a possibility that the market will rebound towards the range $0.44-$0.45 (Rp7.216 - Rp7.380).

However, if XLM cannot maintain the level $0.35 (Rp5.740), the situation could turn bearish. In the past, deeper declines were often avoided by the 200 EMA, which is the next important support at $0.33 (Rp5.412). 

If the price breaks below this level, XLM could fall to $0.27 (Rp4.428), which was the lowest price before the rally in November.

Read too $XLM Price Prediction 2025-2030: How High Can XLM Skyrocket?

XLM Recovery Potential

Losses could increase if the price does not quickly recover above $0.40 (Rp. 6,560), as this could encourage short sellers to enter. If Bitcoin's weakness continues, XLM may be drawn to lower support zones due to the overall market decline.

Conclusion

For the next step, range $0.35-$0.40 (Rp5.740 - Rp6.560) very important for XLM. Losing support in $0.35 can lead to a decline in $0.33 (Rp5.412) or even $0.27 (Rp4.428), while holding above this zone will support a push towards $0.44-$0.45 (Rp7.216 - Rp7.380). 

Traders are advised to monitor these levels closely to determine the direction of the asset's movement.

FAQ

1. What is happening with the current price of Stellar (XLM)?

The price of Stellar (XLM) is currently trading around $0.38 (Rp. 6,232) and is in a consolidation phase after experiencing significant fluctuations. There is potential for a recovery to $0.44-$0.45 (Rp. 7,216 - Rp. 7,380), but also the risk of further downside if the bearish momentum continues.

2. What support and resistance levels to watch for XLM?

The important support level for XLM is $0.35 (Rp. 5,740), which needs to be held to start a recovery. Meanwhile, the first resistance level that must be penetrated is $0.40 (Rp. 6,560). If XLM manages to break this level, momentum could move in a more positive direction.

3. What could happen if XLM cannot maintain the support level at $0.35?

If XLM cannot maintain the support level at $0.35 (Rp. 5,740), the situation could become bearish, with the possibility of a further decline towards $0.33 (Rp. 5,412) or even $0.27 (Rp. 4,428). This could encourage short sellers to step in, especially if Bitcoin's weakness continues.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Arman Shirinyan, Stellar (XLM) 16% Recovery Is Possible: Here's How, Accessed February 3, 2025

Author: IN