XLM returns to key support: Will $0.44 spark the next rally?
2025-07-16 03:08:42
Main Idea
XLM's price has returned to a key support level of $0.44, with potential for a rally if Bitcoin remains above $116.8k, despite recent pullbacks and signs of bullish exhaustion.
Key Points
1. XLM has revisited the $0.42-$0.44 demand zone, indicating a potential end to the pullback unless Bitcoin drops below $116.8k.
2. Stellar's recent 10.6% price drop coincided with a $20 million decrease in market cap, but spot CVD and Funding Rates suggest sellers are not dominant yet.
3. Fibonacci retracement levels from June 22nd highlight the $0.42-$0.44 area as a critical support zone being retested.
4. The A/D indicator and CMF (+0.23) show strong buying volume and capital inflow, though the MFI signals a potential divergence.
5. A deeper Bitcoin correction below $116k could push XLM prices lower, but current indicators suggest the pullback may be shallow.
Description
While the 1-day chart showed strength, the 4-hour chart highlighted a bearish divergence.
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