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XLM Price Prediction: XLM Might Hit A Low As Graphs Show A Death Cross 

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Stellar or XLM just hit the $0.2740 mark. This is the lowest the price has gone since February 3rd. Moreover, the current price is 57% below the token’s peak in November. Sources suggest that this crash is part of broader market trends that have affected even the bigshot tokens like BTC and ETH.  

Historically speaking, XLM and XRP have always coincided. This is primarily due to these two tokens’ role in the crypto industry and their shared origin. Both of these coins share one creator, Jed McCaleb. Therefore, analysts anticipate that XLM might also get affected since XRP is forming a risky head & shoulder pattern. This pattern generally suggests a bearish momentum of price. Hence, XLM might also suggest some downward trends. 

Stellar open interest and social volume
source : santiment

XLM Price Analysis 

Stellar price chart
source: TradingView/Coinfomania

At press time, Stellar’s fundamentals suggest that the token might fall further. Santiment data suggests that open interest for XLM has reduced to just 64.5 million. This is the lowest since November 2024. Moreover, the social volume metric dropped to just 0.28, lower than 0.55 in 2024. Historically, high social volume metrics have resulted in better performance.  

Daily charts of the token suggest that XLm is approaching a death cross. This cross happens when the 50-day and 200-day moving averages intersect. Moreover, the token has fallen below the 61.8% Fibonacci retracement level. Therefore, there is a high chance that the token might cascade to a lower level in the coming months.  

The post XLM Price Prediction: XLM Might Hit A Low As Graphs Show A Death Cross  appeared first on Coinfomania.

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