Stellar's XLM Drops 10% to $0.26 Amid Volatility

On March 12, 2025, the price of Stellar's XLM cryptocurrency experienced significant volatility, reaching a new low of $0.26 after recovering from a notable dip to $0.2292. The day began with a downward trend, as the price fell below the support line of $0.2384. However, by 01:05 UTC, a golden cross on the MACD indicator, combined with an oversold signal from the RSI, helped to stabilize the price and push it back above the support line. This marked the start of a moderate uptrend, with the price occasionally fluctuating due to convergence and divergence on the MACD line.

Throughout the day, the price of XLM continued to rise, reaching a high of $0.2628 by 02:20 UTC. However, a death cross on the MACD indicator at this point led to a downward trend, with the price falling until a new golden cross emerged at 04:45 UTC. This, along with an oversold signal from the RSI, helped to boost the price and end the short downtrend.

Despite these fluctuations, the price of XLM ultimately reached a new low of $0.26 by the end of the trading session. This was after testing a new resistance level of $0.2670 earlier in the day. The price of XLM has shown significant volatility in recent weeks, with selling momentum continuing to dominate the trend. Technical indicators such as the MACD and RSI have played a crucial role in determining the price movements of XLM throughout the day.

Looking ahead, the future price movements of XLM will depend on market sentiment and technical indicators. If the bullish side regains momentum, the price of XLM could potentially break through the resistance level of $0.2670. However, if the bearish side takes control again, the price could fall below the support level of $0.2382. Traders should watch for confirmation signals to determine the next move in this Stellar price analysis.