Stellar (XLMUSD) settled lower in its latest intraday trading, breaking a short-term ascending trendline, amid continued negative pressure from trading below the 50-day simple moving average, effectively ending any near-term recovery prospects. In addition, bearish signals are appearing on the RSI, after the price successfully unwound its oversold conditions, giving it more room to record further losses.

Therefore, we expect the cryptocurrency to decline in upcoming trading sessions, as long as it remains below the 0.392491 resistance level, targeting the support level at 0.357820.

Todays price forecast: Bearish.