Stellar Weekly Price Analysis: Stellar Dips From 0.3022 to $0.2441, Is A Turnaround On The Horizon?

Is stellar on your radar for potential investment? If you’re seeking a detailed price analysis to back your decision, this is for you. Stellar has faced a significant downtrend this week. Let’s discuss its weekly price trend using indicators like MACD and RSI and try to predict its future movements.

Stellar Weekly Price Analysis from 8th to 15th March

The trading week started with a downtrend channel reflecting bearish sentiment prevailing in the market. The weekly support and resistance level stands at $0.234 and $0.295 respectively. The prices continue to follow a downward path as the buy side continues to struggle to regain the hold, as can be seen in the chart with the formation of a golden cross at 04:30 UTC. The downtrend followed to the next trading day and was reinforced by a death cross on the MACD line on 9th March at 00:30 UTC. Another death cross followed at 09:30 UTC supporting bearish momentum prevailing in the market.

Chart 1, Analyzed by Alokravantmedia published on March 15, 2025.

By the start of the trading day on the 10th March 00:30 UTC, a golden cross appeared on the MACD line aligning with the previous oversold indication from RSI giving a push to the bull side to regain the momentum. At 09:00 UTC, another golden cross formed on the MACD line solidifying the bullish signal leading to a spike in XLM price reaching a high of $0.272. By 14:00 UTC, a death cross appeared on the MACD line resulting in steep fall and a breakout on the key support level on 11th March 00:00 UTC. 

XLM Recovery and Trading Range

Following a breakout and RSI reaching below 30 signalling an oversold market corroborated by a golden cross formation at 02:00 UTC, the prices started recovering and rising above the support level.  At 04:00 UTC, entered a trading range, hovering between the range of $0.243 and $0.264 with the price action consolidating within the range. Within the trading range, the prices alternate between golden crosses and death crosses on the MACD, indicating indecision between bullish and bearish sides, continuing to the 12th of March. At 17:30 UTC 12th March, a perfect golden cross appeared giving a strong signal to the bullish momentum, finally opening a moderate uptrend channel. The prices started pushing for a breakout above the trading range with a notable spike witnessed on the 13th March 09:30 UTC following a golden cross on the MACD line surging toward the resistance level. However, the price soon faced the selling pressure when a death cross formed at 15:00 UTC pushing the prices downward again in another downtrend channel. The prices shortly thereafter stabilizes and entered a new trading range with the start of the trading day on the 14th March and continued to the 15th of March

XLM Price Prediction: Breakout or Further Decline?

The past week analysis of XLM price trend shows the coin price has been consolidating, experiencing an intense selling pressure and struggling to hold its key level. The Stellar weekly price analysis suggests If the buying side regains the momentum and has been successful in the breakout of the current resistance level of $0.295, a bullish signal could emerge, potentially leading to new support and resistance levels. However, failing to break through the level could also result in further consolidation of prices, reducing it to lower support levels. The Stellar weekly price analysis indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.