Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

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Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

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Stellar (XLM) has been experiencing a prolonged downtrend for nearly three months. Despite some attempts at recovery, the altcoin faces significant hurdles ahead. 

This is due to a potential breakout above the $0.325 resistance looking increasingly unlikely. Given current market conditions, the price may continue to struggle.

Stellar Faces A Death Cross

Stellar’s price action is currently being influenced by the approaching Death Cross, a bearish signal in technical analysis. The 200-day Exponential Moving Average (EMA) is closing in on crossing over the 50-day EMA, which would mark the second Death Cross for Stellar this year. The previous crossover occurred in April 2024, and this new cross could further signal weakening price momentum for the altcoin.

The potential Death Cross suggests a shift toward more sustained selling pressure. This could prevent any breakout above the $0.30 level and potentially push the price lower.

The overall macro momentum of Stellar is also reflecting a bearish outlook. The Chaikin Money Flow (CMF) indicator, which tracks the accumulation and distribution of assets, shows a sharp downtick this month. Currently, well below the zero line, this suggests that outflows are dominating inflows, indicating that investors are pulling their money out of XLM. 

This outflow trend reflects growing bearish sentiment among investors, which tends to exacerbate the asset’s struggle to recover. Without an influx of buying pressure, XLM may find it difficult to regain upward momentum.

XLM Price Aims At Break Out

At the time of writing, XLM is trading at $0.272, holding above its support at $0.259. The altcoin has been moving within a descending wedge for the past three months, but given the current market conditions, a breakout from this pattern in the near term seems unlikely. The ongoing Death Cross and bearish market sentiment will likely keep XLM in this range.

As long as XLM remains consolidated under $0.299, it could face further declines. If the altcoin falls below $0.259, it might test $0.231 or lower. The formation of a Death Cross could trigger additional selling pressure, further confirming the bearish outlook for Stellar in the coming days.

For the bearish thesis to be invalidated, XLM would need to breach $0.299 and push past the $0.325 resistance level. A successful breakout above $0.355 could signal a reversal and allow the altcoin to move beyond the current downtrend, but such a scenario would require a shift in market sentiment and investor confidence.

HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital. 

This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market’s attempt to recover from recent downturns.

Bullish Momentum Builds as HBAR Gains $2 Million in Inflows

HBAR’s spot inflows surged to nearly $2 million on Monday, signaling a resurgence in bullish sentiment toward the altcoin. Data from Coinglass reveals that this is the first time HBAR has attracted fresh capital in seven days, marking a shift in investor confidence.

According to the on-chain data provider, between March 11 and 16, the altcoin faced consistent sell pressure, with spot outflows exceeding $10 million. This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR.

Furthermore, the altcoin’s positive Balance of Power (BoP) highlights this renewed interest. At press time, this momentum indicator is in an upward trend at 0.62. 

The BoP indicator measures the strength of buyers against sellers in the market to identify momentum shifts. A positive BoP like this suggests that buying pressure outweighs selling pressure, indicating growing demand and potential price appreciation. 

If HBAR’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.

HBAR Eyes $0.22 as Demand Grows—Will Bulls Maintain Momentum?

HBAR exchanges hands at $0.19 at press time, trading above the support floor at $0.17. As demand grows, the altcoin could climb toward the resistance at $0.22.

A successful break above this level could propel HBAR’s price to $0.26, a high it last traded at on March 4.

Conversely, the bullish outlook would be invalidated if sellers regain dominance and profit-taking strengthens. In this case, HBAR’s price could fall to $0.17.