Speculative confidence fades as XLM slides nearly 12% in 10 days

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XLM price dropped nearly 12% over ten days, falling below the Fibonacci retracement support level at $0.173. Open Interest volume declined by 7% over the same period, signaling disengagement from speculative traders. In the short term, technical indicators confirm sustained selling pressure, with a declining A/D and CMF below -0.05. In the long term, the $1 target remains conditional on institutional adoption, notably through the announced partnership between DTCC and the Stellar Development Foundation to connect the tokenization platform to the Stellar network. The key support level to watch stands at $0.136.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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