Share this article
Stellar Slips as Key Support Breaks, Signaling Mounting Bearish Momentum
A sharp volume-driven breakdown below XLM’s ascending trendline and critical support at $0.2527 has shifted the market structure bearish, setting sights on the $0.2500 zone
Nov 17, 2025, 4:38 p.m.
Make us preferred on Google
What to know:
- XLM dropped from $0.2580 to $0.2548 over 24 hours, breaking ascending trendline support.
- Volume jumped 78% above average at 30.4 million during critical breakdown at $0.2521 level.
- Price tested $0.2500 psychological support as selling pressure mounted.
Stellar’s price weakened on Nov. 17, slipping 1.2% over 24 hours as volatility and volume surged. XLM fell from $0.2580 to $0.2548 while carving out a choppy consolidation range of 3.3%.
The session’s tone shifted notably after a sharp rejection from resistance near $0.2607, confirming a breakdown from the prior uptrend and signaling deteriorating momentum.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The most decisive move came around 13:00 UTC, when a 30.4 million XLM volume spike—well above the daily average—drove XLM below its ascending trendline from $0.2521.
Subsequent 60-minute action showed accelerating bearish pressure, with heavy selling pushing the token from $0.2586 down to $0.2535. The breach of key support at $0.2527 and new session lows around $0.2531 have opened the door to a possible retest of the psychological $0.2500 zone.
Key Technical Levels Signal Bearish Momentum for XLM
Support/Resistance: Primary support tests at $0.2527 before breakdown, with $0.2500 psychological level as next target; resistance establishes at $0.2607 with session high rejection at $0.2617.
Volume Analysis: Massive spike to 30.4M during breakdown represents 78% increase above 24-hour average, confirming institutional selling pressure at critical levels.
Chart Patterns: Ascending trendline from $0.2521 breaks decisively, volatile consolidation pattern with 3.3% range suggests continued uncertainty in near-term direction.
Targets & Risk/Reward: Immediate downside target at $0.2500 represents 1.9% decline from breakdown level, while recovery above $0.2580 needs to occur to negate bearish structure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
