Stellar (XLM) Faces Resistance Near $0.50 Amid Mixed Momentum and Potential Downside Risks

Key Points

1. Stellar Lumens (XLM) price dropped 7% as it failed to break the $0.50 resistance level, with weakening momentum potentially pushing it toward $0.35 support levels.

2. Technical indicators show growing bearish sentiment, with the Parabolic SAR signaling a strengthening downtrend, though the Golden Cross offers a counterbalancing bullish signal.

3. The Chaikin Money Flow (CMF) indicator indicates waning buying pressure, though it remains above zero, suggesting inflows still marginally exceed outflows.

4. If selling pressure continues, XLM risks breaking below key support levels at $0.43 and $0.41, potentially leading to a deeper correction toward $0.35.

5. A recovery in inflows could stabilize the price and allow XLM to challenge the $0.50 resistance again, with a breach potentially signaling a trend reversal toward $0.56.