XLM’s value has decreased by 11.1% in the past week, currently at around 0.2799 USD. If it fails to hold the key support level of 0.27 USD, analysts expect it could decline further to 0.23 USD.
Market sentiment appears bearish as Open Interest has dropped from 49 million USD to 38 million USD over six days. A negative funding rate indicates a prevalent expectation of further price decline.
There has been significant selling pressure, with over 82.62 million XLM tokens sold in the last 24 hours. Analysts emphasize the importance of holding above the 0.27 USD mark to counter potential losses.
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