Stellar continues to face persistent selling pressure as weakening derivatives activity, softening momentum and a steady erosion in price push the token toward crucial support levels.
Traders remain cautious amid a lack of bullish follow-through, and the market is struggling to generate any sustained upside traction. With participation retreating and volatility tightening, the broader outlook suggests the coin may remain vulnerable unless fresh demand emerges.
Open Interest Weakening as Downtrend Steadies
The open-interest trend for the coin paints a notably cautious picture. Price action on the chart shows a clean progression of lower highs and lower lows, with XLM sliding from around $0.29 to nearly $0.227.
Attempts to climb back into the mid-range have consistently failed, as intraday rallies quickly lose momentum and sellers re-assert control. The token now trades close to recent lows, reinforcing the dominance of bearish sentiment across the short-term structure.
Source: Open Interest
Open interest has declined steadily from roughly 72 million contracts to just below 60 million, signaling a clear reduction in trader commitment. Rather than accumulating new short positions, participants appear to be closing out exposure and stepping back from volatility.
This combination falling price alongside falling open interest often indicates trend exhaustion rather than intense directional conviction. It suggests the market may be entering a phase of fatigue even as the downtrend continues.
Data Shows Pressure Mounting as Market Cap Slips
BraveNewCoin lists Stellar’s current price at $0.24, marking a 4.06% decline over the last 24 hours. Its market capitalization stands at $7.70 billion, supported by an available supply of 32.20 billion the coin . Meanwhile, 24-hour trading volume has risen to nearly $199 million, reflecting active but predominantly bearish participation through the latest session.
The broader price action remains anchored near the lower end of its monthly range, with the token fluctuating between $0.225 and $0.245 as it struggles to establish a stable floor. This pattern underscores ongoing cautious sentiment in the altcoin market, where liquidity remains present but heavily oriented toward defensive trading strategies. While Stellar retains its position among the higher-ranked assets, buyers have yet to demonstrate sufficient strength to counter the persistent downtrend.
TradingView Technicals Point to Persistent bearish momentum
The TradingView chart shows XLM trading around $0.2236, down 5.52% on the day, with price firmly below the Bollinger Band basis at $0.2688. Trading beneath this midpoint indicates that the broader trend has turned decisively bearish. The market now sits near the lower Bollinger Band at $0.2276, reflecting immediate downside pressure and a lack of sustained bid interest.
Source: TradingView
Candle structure suggests repeated failures to reclaim the middle band, a hallmark of weakening buyer momentum. Sellers have absorbed each upward attempt, pushing the coin deeper into the lower volatility zone where failures often precede either breakdowns or sharp rebounds. For now, no strong reversal structure has developed, and momentum continues to favor sellers.
The MACD presents an equally bearish outlook. The histogram has slipped to –0.0026, while the signal line at –0.0178 sits well below zero, mirroring the persistent loss of bullish momentum. With both MACD lines trending downward without divergence, the probability of immediate recovery remains low. Unless a bullish crossover forms or price breaks meaningfully above the basis line, sellers will likely maintain control.
