Stellar (XLM) In Bullish and Bearish Territory after Losing This Support

Key Points

1. Stellar (XLM) lost its 10-day SMA support, indicating a shift to a short-term bearish outlook, with current trading between $0.42 and $0.43.

2. Key downside targets are $0.38 and $0.34 if the $0.42 support level fails, with RSI near oversold levels and MACD turning bearish.

3. Despite short-term weakness, XLM remains above its 50-day and 200-day SMAs ($0.32 and $0.31), maintaining a long-term bullish structure.

4. Analyst Javon Marks suggests a potential long-term breakout to $8.00 if XLM recovers above $0.79, referencing its 2015–2018 cycle.

5. The article emphasizes that the current technical dilemma for XLM is 'bullish above the 10-day SMA, bearish below.'