Stellar [XLM]下跌1.67％，達到0.28美元的低點，衍生品市場的弱點引起了人們對需求的擔憂

自兩週前集會率達到當地高點0.33美元以來，Stellar [XLM]遭受了巨大的損失，下降到0.28美元。

Since hitting a local high of $0.33 two weeks ago, Stellar [XLM] suffered significant losses, dropping to $0.28.

由於兩週前達到了0.33美元的當地高點，因此Stellar [XLM]遭受了巨大的損失，下降到0.28美元。

In fact, the 1.67% daily dip has been accompanied by weakness in the derivatives market, raising fresh concerns over demand.

實際上，每天1.67％的下降伴隨著衍生品市場的疲軟，這引起了人們對需求的新問題。

As such, volume sharply declined, dropping by 62.7% to $97 million, while Open Interest was down by 6.6%, reaching a low of $160 million.

因此，數量急劇下降，下降了62.7％，至9700萬美元，而公開利息下降了6.6％，低至1.6億美元。

Naturally, such a sharp pullback signals reduced participation from both speculators and investors.

自然，如此急劇的回調信號減少了投機者和投資者的參與。

Analyst Ali Martinez noted this structural weakness and warned of a potential breakdown.

分析師阿里·馬丁內斯（Ali Martinez）指出了這種結構上的弱點，並警告了潛在的崩潰。

According to him, XLM may be exiting an ascending channel, usually a bearish sign that implies trend exhaustion.

據他介紹，XLM可能正在退出上升的渠道，通常是一個含義趨勢疲憊的看跌跡象。

Moreover, spot markets reinforced the bearish tone.

此外，現場市場增強了看跌的語調。

Seller dominance is clear in the spot market, with XLM sellers offloading 21.95 million tokens compared to 21.64 million bought by buyers, resulting in a negative Delta of 313.2k. This indicates strong selling pressure.

賣方在現貨市場上的優勢很明顯，XLM賣家卸載了2195萬個代幣，而買家購買了2164萬個代幣，導致三角洲為313.2k。這表明銷售壓力很大。

Martinez suggested that this bearish trend could lead the altcoin to drop to $0.26.

馬丁內斯（Martinez）建議，這種看跌趨勢可能會導致替代幣降至0.26美元。

According to AMBCrypto’s analysis, XLM flashed a ‘death cross’ on the daily chart. The 9-day DSMA slipped below the 21-day DSMA—an often-reliable short-term bearish trigger.

根據Ambcrypto的分析，XLM在每日圖表上閃爍了一個“死亡十字”。 9天的DSMA滑到21天DSMA以下，這通常是可靠的短期看跌扳機。

With the current market prices sitting below both MAs, the downward momentum could persist unless the market reclaims a price above $0.291.

隨著目前的市場價格都低於MAS，除非市場收回價格高於0.291美元的價格，否則下降勢頭可能會持續下去。

Therefore, if the current selling pressure continues in the market, strengthening downward pressure even further, the altcoin will find the next support around $0.2653.

因此，如果目前的銷售壓力在市場上繼續持續，進一步加強了向下壓力，則山寨幣將在0.2653美元左右找到下一個支持。

To invalidate this bearish move, XLM needs a daily close above $0.29. If bulls fail to push the altcoin above this level, we could see XLM make more losses.

為了使這一看跌動作無效，XLM需要每天關閉$ 0.29。如果公牛無法將Altcoin推高以上，我們可以看到XLM造成了更多的損失。