Stellar (XLM) Double-Confirms Death Cross, But It Has Another Support Available

Stellar (XLM) is trading at $0.1684, and the daily chart looks vulnerable. The price fell from the October high close of $0.2370 and now sits near the bottom level of recent weeks. Sellers still have control, and the trend line signals are adding more pressure. The main warning is the death cross . This happens when a shorter moving average drops below a longer one, and it often points to more downside. On the XLM chart, the 50-day average has crossed beneath the 100-day average and is now moving toward the 200-day line at approximately $0.19. Both crosses lining up is why the signal is called a double confirmation. All three lines are now above the price, so each could act as resistance if XLM attempts to bounce.

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