Stellar (XLM) Price in Trouble After Trendline Break: $1 Target Now at Risk

Stellar (XLM) chart is flashing warning signs. Just when it seemed like the price was building momentum, things took a sharp turn.

Stellar (XLM) price is encountering difficulties as it struggles to maintain support at $0.234. A double top in the rising trendline has implications for the $1 target.

Stellar (XLM) chart is flashing warning signs. Just when it seemed like the price was building momentum, things took a sharp turn.

Not long ago, XLM broke out above a long-term descending trendline. That move gave traders hope that a real bullish run was about to begin, but that hope didn’t last. Instead of continuing higher, the price formed a new rising trendline, only to break below it again.

Both trendlines are now gone, and that kind of double breakdown usually signals that the bullish scenario is no longer valid. Plus, there’s not much strength left in the chart.

The only thing keeping the XLM price afloat is the $0.234 support zone. This level used to be resistance in the past. It flipped into support when the price climbed above it, but it’s now being tested again. There’s a real risk that this level breaks.

There’s no strength in the chart, and the market is moving sideways, showing indecision and a lack of buying pressure. If the $0.234 level fails, the XLM price structure turns fully bearish.

With this, any dreams of a move toward $1 would be at serious risk.

If Stellar falls below $0.234, the next level to watch is around $0.193. That would be a nearly 30% drop from where the price is now. It’s a key historical level and could act as a bounce zone, but there’s no guarantee.

If that fails too, the next level is $0.146. This would erase most of the gains that XLM saw during the late 2024 rally. It would basically reset the chart back to where it started before the breakout ever happened.

Momentum indicators are also not looking good. The RSI is sitting around 49 and heading lower. That means the market is losing strength and isn’t showing any signs of a bullish reversal. It’s not oversold yet, just weak.

The MACD confirms this view. The signal lines are both below zero, and the histogram is flat. That’s a classic bearish setup. There’s no divergence or buildup that would suggest a big move upward is coming.

This is a critical moment for the XLM price. Stellar has already broken two major trendlines, and it’s now sitting on its last real support at $0.234. If this support fails, there’s not much holding it up before the price slides to $0.19 or even lower.

The bullish breakout setup is already broken and unless buyers step in fast, the target of $1 could shift from possible to purely speculative.