📉XLM is bearish in the short term, with the rebound still capped
The XLMUSDT perpetual mark price is around 0.1531, up 0.80% over 24 hours, with a trading volume of 35.97 million USDT; OI is 31.69 million USDT, up 5.33%, and the current funding rate is -0.0094%. The rebound alongside rising open interest and a negative funding rate suggests a risk of a short squeeze, but is not enough to confirm a trend reversal. Contract snapshot (https://fibonomy.com/en/futures/binance/xlmusdt)
The 4-hour RSI is 39.4 and the MACD histogram is negative, indicating continued weakness; aggressive buying and selling volumes have not provided confirmation. Technical indicators (https://closedcandle.com/coin/xlm/indicators)
Over the next 4–24 hours, the price is likely to retest support at 0.1516; a break below would put 0.1509 in view. Watch resistance at 0.1560. A high-volume move above and hold there would invalidate the bearish outlook, shifting focus to 0.1599. Key levels (https://en.coinotag.com/cryptocurrencies/spot/XLM/technical-analysis)
#XLM #XLMUSDT #Stellar #BinanceFutures
The XLMUSDT perpetual mark price is around 0.1531, up 0.80% over 24 hours, with a trading volume of 35.97 million USDT; OI is 31.69 million USDT, up 5.33%, and the current funding rate is -0.0094%. The rebound alongside rising open interest and a negative funding rate suggests a risk of a short squeeze, but is not enough to confirm a trend reversal. Contract snapshot (https://fibonomy.com/en/futures/binance/xlmusdt)
The 4-hour RSI is 39.4 and the MACD histogram is negative, indicating continued weakness; aggressive buying and selling volumes have not provided confirmation. Technical indicators (https://closedcandle.com/coin/xlm/indicators)
Over the next 4–24 hours, the price is likely to retest support at 0.1516; a break below would put 0.1509 in view. Watch resistance at 0.1560. A high-volume move above and hold there would invalidate the bearish outlook, shifting focus to 0.1599. Key levels (https://en.coinotag.com/cryptocurrencies/spot/XLM/technical-analysis)
#XLM #XLMUSDT #Stellar #BinanceFutures