Stellar (XLMUSD) stabilized lower in its latest intraday trading, as the main downtrend continues to dominate its movement while trading along a short-term descending trendline supporting this bearish structure. The price has settled once again below the 50-period simple moving average, exposing it to further negative pressure in the coming period, especially with negative signals appearing on the Relative Strength Indicators after reaching extremely overbought levels. This reduces the chances of any meaningful recovery.

Therefore, we expect the cryptocurrency to decline in the upcoming intraday sessions, as long as it remains below the resistance level of 0.2525, targeting the first support level at 0.2325.

Expected direction for the upcoming sessions: Bearish