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(XLMUSDT) posted a bearish close, printing a 0.40% decline on 15-minute data.
• Price action formed multiple bearish engulfing patterns amid declining highs.
• Volume surged during key resistance breakouts but failed to confirm bullish follow-through.
• RSI entered oversold territory, while MACD showed bearish divergence.
• Volatility expanded in late ET hours, suggesting increasing trader uncertainty.
Stellar (XLMUSDT) opened at $0.4019 on 2025-08-20 at 12:00 ET and traded as high as $0.4084 and as low as $0.3921 before closing at $0.3971 on 2025-08-21 at 12:00 ET. Total 24-hour volume was 21,951,317.0 with a notional turnover of approximately $8.74 million, based on the data provided.
Structure & Formations
XLMUSDT has been in a descending channel throughout the session, with resistance clustering around $0.406–0.408 and support forming at $0.396–0.398. A notable bearish engulfing pattern formed around $0.4048–0.4003 and $0.4038–0.4008, indicating strong bearish conviction. A long lower shadow and narrow close at $0.3971 suggest potential short-covering demand in the final hours.
Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages have trended downward, with the price trading beneath both, reinforcing bearish momentum. On the daily chart, XLMUSDT remains below the 50, 100, and 200-day SMAs, signaling sustained bearish sentiment in the broader trend.
MACD & RSI
The 15-minute MACD has been in bear territory for most of the session, with a bearish crossover confirming the downtrend. RSI has entered oversold territory at 30, raising the possibility of a short-term bounce, though bearish momentum remains intact. Divergence between RSI and price action in the final 4 hours signals caution ahead.
Bollinger Bands
Volatility expanded in the last 5 hours, with bands widening from ~$0.0025 to ~$0.0045. Price has spent most of the session below the 20-period lower band, a bearish sign. A contraction of bands may occur in the next 24 hours if selling pressure eases.
Volume & Turnover
Volume spiked during key price declines, notably at $0.4048–0.4003 and $0.4038–0.4008, with turnover reaching $1.14 million during the $0.4038–0.4008 breakdown. However, volume during the final 4-hour leg was relatively moderate, suggesting that the move may lack follow-through.
Fibonacci Retracements
A 15-minute swing from $0.3921 to $0.4084 shows key Fibonacci levels at 0.382 ($0.4018) and 0.618 ($0.3957). Price tested the 0.618 level in the final hour and closed near it, suggesting short-term support may be holding.
XLMUSDT may remain under pressure in the next 24 hours as bears attempt to extend the move below $0.3960. However, the oversold RSI and recent Fibonacci confluence near $0.3957 may invite short-term buyers. Investors should monitor volume and whether price retests $0.4030 for potential reversal signals, but bearish risks remain elevated.
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