Stellar (XLM), the 27th ranked cryptocurrency in terms of market capitalization, managed to pump its spot trading price by 2.1% over the last 24 hours. At press time, according to tracking from Coingecko, the asset is changing hands at $0.112 and has been down by 3.3% and 4.4% on is biweekly and monthly charts, respectively. Here’s a quick look at XLM’s performance: Stellar has once again fallen into a bearish price pattern XLM needs to sustain and surpass its current trading price of $0.112 to break from its downward trend Stellar forecasted to drop to $0.085 over the next 30 days The altcoin suffered when it failed to move past the $0.13 resistance marker and fell into a pattern that indicates further downward trend. XLM’s technical indicators and analysis hint at a continued exposure to negative factors that will prevent it from climbing to higher levels over the next few days. Related Reading: Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours Repetitive Rejection On Crucial Levels Cripples Stellar Since the middle part of June, the altcoin was trading at a narrow range of $0.10 and $0.13. XLM tried to test and surpass the aforementioned resistance level but was unsuccessful. Source: TradingView Not only that, it also failed to sustain the crucial support marker of $0.125. As a result, in just two days, the asset declined by 12%. That, however, was erased by its recent price pum...
