Stellar (XML) Price Ends 2-Week Downtrend As Inflows Spike

XLMUSDT price is currently trading at $0.411, just under the resistance level of $0.424. Breaking this resistance will be key for XLM to recover the recent losses and continue its upward trajectory. The Parabolic SAR moving below the candlesticks after two weeks signals that the downtrend is coming to an end.

Ethereum’s technical indicators also suggest a return to bullish momentum. The Relative Strength Index (RSI) has moved back into the positive zone, above the neutral 50.0 mark, after briefly dipping into bearish territory. This reversal from the prior downtrend shows that XLMUSDT is regaining strength.

The RSI indicates that investor sentiment is improving. The brief period of bearishness was likely caused by broader market uncertainty and skepticism. However, with the RSI back in the positive range, the likelihood of further price increases has increased.

If Stellar can flip $0.424 into support, it could pave the way for a rise past $0.445 and possibly reach $0.470. This would allow XLMUSDT to recover a significant portion of the losses it sustained over the past two weeks and continue its uptrend.

However, if broader market conditions fail to remain bullish and investor sentiment turns negative, XLMUSDT could face a decline. A failure to maintain support at $0.424 could lead XLM to drop to $0.393, with further bearish momentum pushing the price to $0.359, invalidating the bullish outlook.