Stellar (XLM) has been moving through a weak stretch in the market, extending its decline over the past seven days even as the network continues to push new development initiatives. The token is currently trading around $0.159, showing only mild short-term recovery attempts after slipping under key technical levels. Despite occasional intraday rebounds, the broader structure still reflects pressure from sellers. Over the last 24 hours, XLM has dropped by 1.7%, adding to the consecutive sessions of downward movement. Technical pressure dominates short-term movement From a technical standpoint, Stellar is still trading below all major exponential moving averages, including the 50-day, 100-day, and 200-day EMAs, which are clustered between approximately $0.166 and $0.209.
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