Market Overview: Stellar/Yen (XLMJPY) on 2025-12-13

Summary
• Price opened at 36.38 and rose to 37.5 before retracing to 37.18.
• Momentum shifted mid-session with a bearish divergence in RSI.
• High-volume moves at 22:30 and 05:30 ET highlight key turning points.
• Volatility expanded post 05:00 ET, pushing price above upper Bollinger Bands.

Stellar/Yen (XLMJPY) opened at 36.38 at 12:00 ET−1 and reached a high of 37.5 before closing at 37.18 at 12:00 ET. The 24-hour range extended between 36.38 and 37.5, with total volume amounting to 43,946.7 and turnover of 1,629,395.8 JPY.

Structure & Formations

Price formed a bearish engulfing pattern at 05:30 ET, signaling potential downward pressure. A key support level appears to form near 37.18, with resistance likely near 37.45.

A long lower shadow at 11:15 ET suggests buyers attempted a reversal.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart crossed below the price after 05:00 ET, reinforcing bearish momentum. Daily 50/100/200 lines show a mixed bias, with the 50-day line near 37.00 acting as a potential floor.

MACD & RSI

The MACD crossed into negative territory in the afternoon, while RSI showed a bearish divergence after the 07:00 ET high. RSI bottomed near oversold levels at 37.18, suggesting limited further downside unless momentum breaks below that level.

Bollinger Bands

Volatility expanded significantly after 05:00 ET, with prices breaking above the upper band near 37.5 before retracting. This expansion could signal a continuation of directional movement or consolidation.

Volume & Turnover

High-volume activity at 22:30 ET and 05:30 ET confirmed key price moves. Turnover aligned with volume, showing strong conviction during these periods. A divergence in volume and price near the 06:30–07:00 ET range suggests weakening bullish momentum.

Fibonacci Retracements

The 37.18 close sits near the 61.8% retracement level of the 05:00–07:30 ET rally, suggesting a probable consolidation or reversal point. A break below this level may target 36.84 in the next 24 hours.

The market appears to be consolidating after a sharp intraday high, with potential to test key Fibonacci and moving average levels. Investors should watch for a break below 37.18, which could accelerate the bearish trend. As always, position sizing should account for potential volatility shifts.