Altcoins News
By Dan Saada
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Traders Lose Confidence as Open Interest Declines. According to CoinGlass, XLM futures Open Interest (OI) fell to $118.
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Analyst Peter Brandt Warns of Further Downside. Veteran market analyst Peter Brandt has also weighed in on the technical setup, posting a chart…
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Technical Picture: Death Cross and Falling Momentum. As of writing, Stellar trades just above $0.27, recovering slightly after two days of heavy selling.
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Price Levels to Watch. Stellar’s recent breakdown from a falling channel pattern suggests a potential move toward the $0.
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Broader Market Sentiment. XLM’s decline mirrors a broader downturn across the crypto market, where Bitcoin and Ethereum both…
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Outlook: Short-Term Bearish, Long-Term Uncertain. For now, the outlook for Stellar remains cautiously bearish, with downside risks dominating…
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Stellar [XLM] is under growing pressure as bearish signals strengthen across both price and derivatives markets.
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The decline comes as trader confidence fades and retail demand softens, with futures market data revealing a notable drop in activity.
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According to CoinGlass, XLM futures Open Interest (OI) fell to $118.98 million on Wednesday — its lowest level since mid-April.
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The reduction in OI reflects cooling retail participation, as speculative traders step back from riskier altcoin positions following renewed market volatility.
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“Retail traders appear to be stepping aside as Stellar loses short-term momentum,” noted one analyst.
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Veteran market analyst Peter Brandt has also weighed in on the technical setup, posting a chart that depicts a descending triangle pattern on the daily timeframe.
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According to Brandt, this breakdown continues a larger bearish structure that began forming in early October.
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The technical breakdown adds weight to bearish sentiment already forming after XLM slipped below key moving averages.
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The 50-day Exponential Moving Average (EMA) has crossed below the 200-day EMA, creating a Death Cross — a classic technical indicator of a prolonged downtrend.
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