XLM fell 3.11% over 24 hours, extending the decline that began in late September after reaching $0.236. Despite positive developments, including the Bell upgrade scheduled for November and MetaMask’s adoption of Stellar as a default network, broader market sentiment has favored sellers, partly following security incidents involving Mercado Bitcoin and Binance. The token lost the $0.171 support level in the second half of October, and its rebound from $0.157 was too weak to challenge the $0.175 resistance area. A daily close above $0.175 could signal a return of buyers, but capital inflows, market sentiment, Bitcoin’s performance and potential liquidation cascades remain key factors.
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