Stellar Plummets to $0.23 – Is This the End of the Road? 🌌📉

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Stellar’s price has decided to play the “I’m Fine, You’re Terrible” game with the market, dropping toward multi-month support levels like a sack of potatoes tossed from a very tall building. Price action and derivatives participation are now whispering, “We tried, really we did,” while the broader market resistance and risk-off sentiment throw confetti at the token’s short-term performance. 🎉

The Price Range Breakdown: A Tale of Two Candles

On the 1-hour chart, XLM/USD starts with a multi-day uptrend that looked like a bullish parade-complete with higher highs and strong candles around the 22nd-24th. But alas, the parade hit a pothole (or a bear trap) and the momentum faded faster than a disco ball at a goth party. The sideways-to-downward consolidation that followed was the market’s way of saying, “Let’s take a group photo before we all fall off.” 📸

From the 26th onward, candles began to compress into tighter ranges, like commuters during rush hour. Buyers and sellers were locked in a stalemate, waiting for someone to shout, “I give up!” The final act? A sharp crash dragging the coin toward $0.23 with the enthusiasm of a dragon sneezing on a birthday cake. 🐉

Open Interest (OI), the crypto version of a popularity contest, initially soared during the rally. But when the market shifted sideways, OI began its slow descent like a deflating balloon at a toddler’s party. Traders were closing positions faster than a library on closing day. By the time the selloff hit, OI had already shrunk to 61.7M, proving that even bears need a holiday. 🐻

Stellar Down 8.58% – Liquidity Still Thinks It’s 2021

BraveNewCoin lists Stellar at $0.23, with a market cap that’s now smaller than a small business loan. The token’s 24th position by market cap is like being the second-best at a game of musical chairs when everyone forgot the rules. Despite the price drop, liquidity remains robust-because what’s a crisis if not an excuse to keep the doors open? 🚪

Traders are clearly playing the “Wait for the Market to Decide” game, which is just a fancy name for panic. The token’s defensive trading zone is now a fortress, guarded by investors who’ve seen better days-and probably a few exorcists. 🏰

Downtrend Deepens – MACD and CMF Are Still Having a Bad Day

The daily chart tells a story of a coin that peaked in mid-year and then decided to take a vacation to the moon-except it forgot to pack the return ticket. Since July, Stellar has been forming lower highs and lower lows like a broken metronome. 🎵

MACD is still in the negative zone, which is like a grumpy wizard who’s still mad about the last spell gone wrong. Even the histogram bars, which turned slightly green, are too timid to cross zero. CMF, on the other hand, is at -0.09, meaning sellers are throwing money out the window like it’s confetti at a funeral. 🕯️

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2025-12-02 00:40