The XLM technical analysis displays a bearish reversal within a descending triangle pattern, teasing a price drop to the $1 mark.

The XLM price action displays a bearish reversal from the long-coming resistance trendline within the descending triangle. Moreover, the ongoing resistance confluence of $0.119, 100-day EMA, and the resistance trendline teasing a 10% drop. So, should you not expect a bullish breakout?
<h3>Key Points:</h3>
<ul>
 	<li style="font-weight: 400;">The Stellar prices show a bear cycle in the descending triangle pattern.  </li>
 	<li style="font-weight: 400;">The power struggle at the resistance confluence remains crucial in upcoming trend selection.</li>
 	<li style="font-weight: 400;">The intraday trading volume in Stellar is $305 Million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/z/ZvzRp2Pm.png" alt="XLM Price Chart" width="1834" height="869" />

Source-<a href="https://www.tradingview.com/x/ZvzRp2Pm/">Tradingview</a>
<h2>XLM Technical Analysis</h2>
The XLM price displays the bullish reversal with a double bottom pattern at the $0.1 mark, reaching the descending trendline's overhead resistance. However, the multiple bearish milestones of the $1.1 level, the 100-day EMA, and the bearish trendline revert the price growth. 

After the remarkable rise of 17% within a week, the bearish influence over the daily candle declines the market value by 3.67%.

With the reversal from the 100-day EMA, the bear cycle may shortly cross under the 50-day SMA giving a sell signal. 

Currently, the intraday trading volume spike fails to bring any bullish follow-through, adding points to the trend reversal possibility. 

If the selling pressure persists, the downtrend can lead to the 50-day EMA breakout resulting in a dump to the $0.1 mark. 

However, if the prices break above the trendline, the uptrend may reach the $1.49 mark. 
<h2>Technical Indicator</h2>
The daily-RSI slope reflects a diagonal uptrend spreading bullishness over the XLM coin. Moreover, the increasing gap between the MACD and signal lines indicates sustained buying activity in the market. 

Therefore, the technical indicators oppose the price action analysis and forecast a breakout possibility. Hence, XLM sellers must await the 50-day EMA breakout.   

Resistance levels- $0.11 and $0.149

Support levels-  $0.10 and $0.08

XLM Technical Analysis: Will Stellar Dive Down Back To $0.10?

The XLM technical analysis displays a bearish reversal within a descending triangle pattern, teasing a price drop to the $1 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XLM Technical Analysis: Will Stellar Dive Down Back To $0.10?

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