Market Overview: Stellar/Tether (XLMUSDT) on 2025-12-23

Summary
• XLMUSDT fell from 0.2248 to 0.2170 amid bearish 5-minute patterns and declining momentum.
• Volume surged in early morning ET, but failed to confirm a rebound as price tested key support.
• RSI and MACD signaled oversold conditions, yet price failed to recover above 0.2180.

Stellar/Tether (XLMUSDT) opened at 0.2245 on 2025-12-22 at 12:00 ET, reached a high of 0.2248, and closed at 0.2172 on 2025-12-23 at 12:00 ET, with a low of 0.2134. The total 24-hour volume was 24,808,967.0 XLM, and notional turnover amounted to approximately $5.32 million based on average price.

Structure & Formations

Price formed a bearish engulfing pattern on the 5-minute chart during the early morning ET session, confirming a breakdown from the 0.2225 resistance level. A key support zone emerged around 0.2150–0.2170, with the price testing this area multiple times but failing to sustain a rebound above 0.2180. A doji appeared near 0.2170, suggesting short-term indecision.

Moving Averages

On the 5-minute chart, price closed below both the 20 and 50 EMA, indicating short-term bearish bias. The 50-period EMA crossed below the 100-period EMA on the daily chart, reinforcing a bearish setup.

MACD & RSI

MACD crossed below the zero line in the early morning, aligning with the price breakdown. RSI fell into oversold territory around 25–30 during the session but failed to show a meaningful rebound, suggesting continued selling pressure.

Bollinger Bands

Volatility remained elevated with the bands widening from 0.2160 to 0.2260. Price traded near the lower band for much of the day, particularly between 03:00 and 06:00 ET, indicating bearish momentum.

Volume & Turnover

Volume spiked around 05:00–06:00 ET during a sharp drop to 0.2134, indicating increased selling. Turnover also surged during this period, confirming the move lower. Divergence between volume and price was noted in the late afternoon as volume decreased despite price attempts to test 0.2180.

Fibonacci Retracements

The 0.2170 level corresponds to a 61.8% Fibonacci retracement from the 0.2248–0.2134 swing, and price has shown resistance holding at that level. A break below 0.2150 would expose further support at 0.2134.

Looking ahead, XLMUSDT may test the 0.2134 level in the next 24 hours, with a potential rebound if buyers emerge. However, the risk of continued bearish momentum remains high if the 0.2150 support fails to hold.