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**Stellar (XLM) Reverses Gains, What’s Happening?**
Stellar (XLM) has been experiencing a downward trend since March 26, with the cryptocurrency failing to break through resistance at $0.3022 and subsequently declining. In early Sunday’s session, Stellar was seen trading as low as $0.245.
While there is no clear indication of what may be causing this sudden decline in value, there are some interesting observations that can help us better understand what might happen next.
For now, the market will closely follow to see if XLM’s current trend holds and whether or not it can break above the 50 and 200 daily moving averages at $0.289 and $0.285, respectively. If this is the case, we could expect a comeback with targets at $0.374 and $0.514.
On the other hand, if XLM’s downward movement continues, support levels are expected to be found at $0.226.
While it’s difficult to predict what will happen next without further information, one thing is certain: the market closely follows this trend and expects a clear outcome in the coming days.
Source: https://u.today/stellar-xlm-potential-macro-trend-shift-detected-what-to-expect
