Market Overview for Stellar/Tether (XLM/USDT) – 24-Hour Summary

• XLM/USDT opened at $0.381 and closed at $0.364, with a 24-hour high of $0.384 and low of $0.3437.
• Price action shows a sharp decline in the early hours of 9/22, with oversold RSI and declining volume.
• A notable breakdown below the 20-period moving average and key support at $0.373 signals bearish momentum.
• Bollinger Bands expanded during the selloff, indicating heightened volatility and a potential continuation move.
• Turnover spiked during the drop to $0.355, but volume failed to confirm further bearish strength.

The Stellar/Tether pair (XLM/USDT) opened at $0.381 on 2025-09-22 at 12:00 ET and closed at $0.364 by the next 12:00 ET. The price peaked at $0.384 and dropped to a session low of $0.3437, reflecting a volatile and bearish 24-hour period. Total volume across the 24-hour timeframe reached 62.5 million XLM, with a notional turnover of approximately $18.2 million, showing strong participation during the selloff.

The price structure reveals a breakdown below the critical $0.373 level, which had previously acted as support. A bearish engulfing pattern emerged during the early morning hours, confirming the shift in sentiment. The 20-period and 50-period moving averages (15-min chart) both crossed below the price, reinforcing the downward momentum. The 200-period moving average remains above the current price, suggesting a deeper bearish trend may be forming.

MACD turned negative during the selloff, with the histogram contracting as the move continued, indicating diminishing short-term momentum. The RSI hit oversold territory at 25.2 and has yet to show any significant bounce, suggesting a potential continuation of the decline. Bollinger Bands expanded during the drop, reflecting increased volatility and the potential for a continuation or consolidation move.

The 38.2% and 61.8% Fibonacci retracement levels of the recent upward swing are at $0.375 and $0.368, respectively. Price is currently trading below both, with no sign of rejection. Volume and turnover spiked during the early morning breakdown, but recent volume has declined, suggesting the selloff may be exhausting. Caution is warranted if the price tests $0.3437 again, as a breakdown below that level could extend the bearish trend.

The breakdown below $0.373 is a key bearish signal, and if support at $0.362 holds, a temporary bounce could occur. However, a test of the $0.3437 low is likely unless buying pressure intensifies. Investors should watch for a retest of key Fibonacci levels and a divergence in RSI to gauge potential for a reversal.