Stellar (XLM) has managed to scrape together a tiny 2.8% recovery over the past week. But let’s be real: the broader trend is still pretty dismal. Over the last three months, XLM has plummeted by a staggering 29%, unable to gain any real traction despite a few brief upticks.
Now, all eyes are on one critical level. A level that will decide whether this glimmer of hope turns into a full-blown recovery or just another sad chapter in XLM’s never-ending downward spiral.
Bearish Divergence: The Return of the Social Media Hype
Despite Stellar’s on-chain growth showing some promise and social media buzzing with chatter, the price chart is still giving off some seriously weak vibes.
The Relative Strength Index (RSI) – that nifty little indicator of buying versus selling strength – is flashing a bearish divergence. It’s like a warning light, telling us that this supposed “bounce” could fizzle out faster than a sparkler on a wet sidewalk.
Between October 20 and 25, XLM made a lower high, while the RSI made a higher high, which means the upward push is losing steam even as the price struggles to creep higher. Translation: it’s not looking good.
This kind of setup happened before, between September 13 and October 6, right before the price tanked by 32%. So, yeah, traders are getting a little anxious and watching this like a hawk, ready for the next dive.
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And here’s the twist: outside of the charts, Stellar is actually doing some impressive stuff. The value of real-world assets (RWAs) on its network has surged by 26.51% in just 30 days, reaching a cool $638.8 million.
With that, social dominance has skyrocketed in October. The metric even jumped from 0.648% to 0.794% over the past 24 hours. People are talking about Stellar, but strangely enough, they’re not buying. Go figure.
This mismatch between the chatter and the actual action screams one thing: there’s a massive gap between what people are saying and what they’re actually doing. In short, the fundamentals aren’t lining up with the XLM price performance. Go figure.
Bearish Pattern: XLM Is Still Stuck Below $0.38
Looking at the daily chart, XLM remains trapped in a descending channel. It’s like that one guy at the party who keeps trying to leave but gets pulled back in every time. Every little bounce is crushed by fresh selling. The bears are still running the show, and the occasional rally is like a fart in the wind – fleeting and utterly unimpactful.
For XLM to show any real strength, it would need to break above $0.38 – the upper boundary of the channel. That would be a solid 20% jump from where we’re at now and might give the bulls a little hope. If XLM can clear $0.41, though, we could be looking at a real trend reversal. But, don’t hold your breath.
On the downside, support hangs around $0.30. But if that breaks, brace yourselves – XLM could be heading for $0.23, the next strong demand zone. Fasten your seatbelts, folks. It’s going to be a bumpy ride.
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2025-10-25 11:27