XLM dips 3% amid mixed market sentiment: Check forecast

Bitcoin, Ether, and XRP are all in the red after recording losses over the last 24 hours. The market rallied on Saturday but has lost its steam since then, with Bitcoin currently trading below $68k. XLM, the native coin of the Stellar blockchain, is down by 3% in the last 24 hours, dropping below the $0.170 psychological level.  The decline comes after XLM failed to close above the key resistance on Sunday. On-chain and derivatives data currently support the bearish sentiment, with XLM short bets rising among traders.  Furthermore, funding rates have turned negative, suggesting a strong bearish momentum. However, the improvement in momentum indicators suggests a potential recovery if the bulls can push XLM higher.  Derivatives data support the…