XLM/USD is trading near $0.072 and is showing a sharply bearish bias after an evening Doji star formed on the monthly chart.
The technical picture for Stellar’s XLM token is tilted toward the downside as a bearish candlestick formation appears on the monthly timeframe.
At the time of writing, XLM/USD is trading around $0.073, essentially flat over the last 24 hours. Prices remain capped below a significant resistance zone, and confirmation of the monthly pattern—combined with bearish signals on lower timeframes—could push the pair to new lows.
Conversely, bullish momentum on shorter timeframes could invalidate the bearish outlook if buyers keep price above the psychologically important $0.070 level.
Stellar peaked near $0.119 on August 17 but has trended lower since, reaching lows around $0.066. A brief bounce between September 23–24 eased the decline, yet price was subsequently rejected below the 50-period moving average and the 200-period exponential moving average on higher timeframes—both acting as strong resistance.
On the monthly chart, XLM/USD has formed an evening Doji star, a three-candle reversal pattern consisting of a long bullish candle, a Doji or small-bodied candle with a long upper shadow, and a following bearish candle that closes lower. This formation suggests increasing selling pressure and raises the chance of further downward movement.
On the weekly timeframe, XLM/USD has dropped below the lower trendline of an ascending channel that ran from June lows near $0.059 to August highs near $0.119. The pair is also trading beneath the 50-period EMA, which currently offers resistance around $0.078.
Maintaining price above $0.070 remains critical for bulls. Failure to hold that level could bring the 50-period moving average near $0.068 into play; a break below that would expose lower supports in the $0.06–$0.068 area.
To regain momentum and challenge the key region around $0.08, bulls must push price above the short-term moving averages. If selling pressure continues, the technical outlook will remain bearish, with the next downside targets clustered between $0.068 and $0.060. The RSI on weekly charts still slopes downward, indicating sellers retain the upper hand.
On the daily chart, Stellar is confronting resistance at the 23.6% Fibonacci retracement level of the recent decline from roughly $0.119 down to the lows near $0.07, placing an immediate hurdle around $0.08.
Above that, the 100-period EMA (around $0.083) and the 50-period moving average (near $0.087) present the next resistance cluster, followed by the 38.2% and 50% Fibonacci retracement levels closer to $0.09. Until buyers can clear these short-term barriers, downside scenarios remain the higher-probability outcome.