Stellar (XLM) has declined from around $0.351 to approximately $0.332 in the past 24 hours, signaling increased selling pressure.
The token briefly traded in a consolidation phase before losing momentum and breaking below the $0.34 support level.
If bearish sentiment persists, XLM could retest the $0.32 zone, while a rebound above $0.34 might restore short-term bullish confidence.
As of this writing, the crypto market sentiment is trading at around $0.3317, with a 24-hour loss of 5.29%.
Source: CoinMarketCap
Analyst Ali Martinez suggests that Stellar (XLM) is showing signs of a bullish reversal through an inverse head-and-shoulders pattern.
The left shoulder formed in February, the head in April, and the right shoulder in October, signaling growing buyer strength near the $0.30 support level.
As long as this support holds, XLM has a strong chance of breaking out to the upside in the near term.
A confirmed breakout above the neckline at around $0.49 could open the door for an extended rally.
Fibonacci targets highlight potential resistance at $0.52, $0.69, $0.82, and $0.94, aligning with a possible move toward the $1 mark.
Martinez noted that this bullish scenario depends on sustained support above $0.30 and increased buying momentum to validate the breakout.
XLM repeats 2017 pattern, hinting at a possible rally
According to analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL, Stellar (XLM) is displaying a market pattern almost identical to its 2017 setup.
Then, the asset broke out from a descending wedge and entered a brief accumulation phase before a sharp parabolic rally.
The 2025 chart now forms a similar foundation, suggesting that historical dynamics may be repeating.
The analyst explained that while market cycles evolve, investor psychology and technical patterns often mirror previous trends, underscoring the cyclical nature of the crypto market.
Source: X
EᴛʜᴇʀNᴀꜱʏᴏɴᴀL further noted that XLM continues to shadow XRP’s movements, reinforcing its close correlation with the larger asset.
If XRP gains momentum in the coming months, XLM may follow with comparable strength.
This alignment reflects how past structures influence present market behavior, with Stellar once again moving in sync with its historical rhythm as the new cycle unfolds.