Market Overview for Stellar/Yen (XLMJPY) – 24-Hour Analysis

Summary
• Price declined from ¥37.81 to ¥35.79, forming bearish reversal patterns.
• Volume spiked during the early ET hours, confirming bearish momentum.
• RSI and MACD signaled oversold conditions at the 24-hour low.
• Bollinger Bands showed contraction in the morning and expansion later.
• Fibonacci retracement levels confirmed key support at ¥35.80–35.85.

Stellar/Yen (XLMJPY) opened at ¥36.66 on January 17, 2026 at 12:00 ET, rose to a high of ¥37.81, then fell to a 24-hour low of ¥35.76 before closing at ¥35.79 on January 18 at 12:00 ET. Total volume was 211,499.7 XLM, and notional turnover amounted to ¥7,355,024.51 over the 24-hour window.

Structure and Key Levels

Price formed a strong bearish reversal pattern on the 5-minute chart during the 19:00–19:45 ET session, where it rallied to ¥37.26 before plunging to ¥36.94 and closing lower. A key resistance area appears to be forming around ¥36.81–36.94, with support levels at ¥35.80–35.85. A bearish engulfing pattern at ¥36.81–36.94 confirmed downward momentum, while a doji at ¥36.51 suggested indecision.

Moving Averages

Short-term momentum appears bearish on the 5-minute chart, with the 20-period and 50-period moving averages crossing below key swing highs. On the daily chart, the 50- and 100-period moving averages also trend downward, supporting the bearish bias. The 200-period MA sits below ¥36.70, indicating a longer-term bearish environment.

Momentum and Volatility

Relative Strength Index (RSI) dipped to 28–30 during the 24-hour low, suggesting oversold conditions, but failed to bounce strongly. MACD turned negative and remained in bearish territory for most of the session. Bollinger Bands showed volatility contraction during the overnight hours, followed by a sharp expansion after 02:00 ET, indicating increased trading activity and bearish sentiment.

Volume and Turnover

Volume surged during the 00:15–00:45 ET period with over 41,000 XLM traded, reinforcing the bearish break of ¥36.44. A divergence between volume and price was observed in the morning hours as price drifted lower with declining volume, suggesting potential for a consolidation phase.

Fibonacci Retracements

Fibonacci levels highlighted key support at 61.8% (¥35.80) and 38.2% (¥36.33) during the 24-hour decline. Price held above the 61.8% level for much of the session but failed to show significant buying interest, suggesting the potential for a continued test of support in the near term.

Market participants may watch for a consolidation phase if price stabilizes above ¥35.80. However, a break below that level could accelerate the downward move toward ¥35.60, with increased volatility expected if volume confirms the move. Investors are advised to monitor key support levels and divergences in volume and momentum indicators to gauge short-term direction.