Stellar (XLM) Price Risks Falling to $0.15 as Double Death Cross Signals Bearish Pressure
Stellar (XLM) is facing renewed downside risk as bearish moving averages point to further weakness, with the $0.15 price level emerging as a key support to watch. XLM was trading near $0.1684 after failing to regain momentum following its October closing high of $0.2370, according to the market data described by TradingView.
The cryptocurrency remains below major moving averages on its daily chart, while resistance levels overhead continue to challenge recovery attempts. Two bearish technical developments have also raised concerns that selling pressure could intensify if buyers fail to defend nearby support.
Stellar Death Cross Raises Concerns Over Further Losses
Stellar's daily chart shows the 50-day moving average crossing below the 100-day moving average, reinforcing the bearish trend. At the same time, the shorter-term average is approaching the 200-day moving average near $0.19, raising the possibility of another bearish crossover.
The potential formation of a double death cross is drawing attention because all three moving averages remain above XLM's current price. This positioning suggests that the averages could act as resistance during recovery attempts, making it more difficult for the token to regain recently lost ground.
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| Source: TradingView |
XLM has already fallen below the $0.19 and $0.18 levels during October. A subsequent rebound toward approximately $0.187 failed to hold, as sellers regained control and pushed the price lower.
Trading volume has also declined alongside the price, pointing to limited buying interest during the downturn. Meanwhile, the relative strength index remains near 40, indicating weak momentum without showing that XLM has entered oversold territory.
XLM Price Puts $0.15 Support Level in Focus
The $0.15 level is an important technical area for Stellar because it attracted strong buying interest during a decline in August. That rebound helped XLM climb above $0.22, making the same price zone a reference point for traders assessing the current downturn.
If XLM falls below its recent low near $0.167, the price could move toward $0.15. That would represent a decline of roughly 11% from the reported trading level of $0.1684. A break below $0.15 could expose the $0.14 region, which Stellar previously reached in May.
These levels remain potential downside targets rather than confirmed outcomes. Whether they come into play will depend on selling pressure and the market's response around nearby support.
Stellar Needs to Reclaim $0.18 to Improve Recovery Prospects
On the upside, buyers would first need to push XLM back above $0.18 before the cryptocurrency could challenge the 200-day moving average near $0.19. A sustained move above that area would weaken the current bearish technical setup and improve the prospects for a recovery.
Until those resistance levels are reclaimed, Stellar remains vulnerable to further declines. The $0.15 support zone and the ability of buyers to restore demand will be important factors in determining whether XLM stabilizes or extends its recent losses.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.