Stellar [XLM]下跌1.67％，达到0.28美元的低点，衍生品市场的弱点引起了人们对需求的担忧

自两周前集会率达到当地高点0.33美元以来，Stellar [XLM]遭受了巨大的损失，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.

由于两周前达到了0.33美元的当地高点，因此Stellar [XLM]遭受了巨大的损失，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.

实际上，每天1.67％的下降伴随着衍生品市场的疲软，这引起了人们对需求的新问题。

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，数量急剧下降，下降了62.7％，至9700万美元，而公开利息下降了6.6％，低至1.6亿美元。

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

自然，如此急剧的回调信号减少了投机者和投资者的参与。

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

分析师阿里·马丁内斯（Ali Martinez）指出了这种结构上的弱点，并警告了潜在的崩溃。

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

据他介绍，XLM可能正在退出上升的渠道，通常是一个含义趋势疲惫的看跌迹象。

Moreover, spot markets reinforced the bearish tone.

此外，现场市场增强了看跌的语调。

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.

卖方在现货市场上的优势很明显，XLM卖家卸载了2195万个代币，而买家购买了2164万个代币，导致三角洲为313.2k。这表明销售压力很大。

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

马丁内斯（Martinez）建议，这种看跌趋势可能会导致替代币降至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.

根据Ambcrypto的分析，XLM在每日图表上闪烁了一个“死亡十字”。 9天的DSMA滑到21天DSMA以下，这通常是可靠的短期看跌扳机。

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

随着目前的市场价格都低于MAS，除非市场收回价格高于0.291美元的价格，否则下降势头可能会持续下去。

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，如果目前的销售压力在市场上继续持续，进一步加强了向下压力，则山寨币将在0.2653美元左右找到下一个支持。

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.

为了使这一看跌动作无效，XLM需要每天关闭$ 0.29。如果公牛无法将Altcoin推高以上，我们可以看到XLM造成了更多的损失。