Stellar Falls To $0.40; But Parabolic SAR Flags Deeper Decline

At the time of writing, XLMUSDT trades at $0.409 and faces a risk of slipping lower. Technical factors point to a potential drop toward $0.393 support, a level that may determine whether bearish control continues to strengthen in the coming sessions.

From a technical perspective, XLMUSDT momentum is leaning bearish. The Moving Average Convergence Divergence (MACD) indicator has confirmed a bearish crossover, signaling growing downside pressure. The crossover reflects weakening strength among buyers and indicates a market environment increasingly favorable for sellers.

Adding to the concern, the Parabolic SAR indicator is positioned above candlesticks, acting as resistance. This placement confirms a downtrend, suggesting XLMUSDT could face additional declines. If bearish sentiment dominates, the cryptocurrency might even test deeper support near $0.359, worsening investor confidence further.

However, if traders shift toward a bullish stance, Stellar has recovery potential. Reclaiming $0.424 as support could allow XLMUSDT to climb toward $0.445. Achieving this move would negate the bearish outlook, signaling renewed strength and stabilizing the asset after recent declines.