Stellar’s (XLM) price has been down over 10% in the last 24 hours but has remained up 94.07% in the past week, leading to gains among the top 100 cryptocurrencies. Indicators like the RSI and Ichimoku Cloud suggest weakening bullish momentum as XLM faces growing selling pressure.

If the downtrend continues, XLM could test key support at $0.099. However, a recovery could push it back toward $0.638 and potentially as high as $0.70.

XLM RSI Slips to Neutral Zone

Stellar RSI is now at 48.31, down from above 70 when XLM hit $0.60, its highest price in three years. The RSI, or Relative Strength Index, measures momentum on a scale from 0 to 100, with values above 70 signaling overbought conditions and below 30 suggesting oversold conditions.

The drop in RSI reflects reduced bullish momentum as XLM faces a correction.

An RSI of 48.31 places XLM in a neutral zone, neither overbought nor oversold. This level suggests that Stellar price could continue dropping before a new surge takes place.

However, if RSI stabilizes or rises, XLM could regain upward momentum and resume its bullish trend.

Stellar Ichimoku Cloud Shows Bearish Trend Is Appearing

The Ichimoku Cloud chart for Stellar shows bearish momentum taking over as the price has moved below the Kijun-Sen (orange line) and Tenkan-Sen (blue line).

This indicates weakening bullish sentiment, with the price nearing the edge of the cloud (Senkou Span A and B), which currently provides short-term support. If the price falls further into or below the cloud, it could confirm a bearish trend reversal.

The cloud itself remains bullish in structure for now, with a rising Senkou Span A, but its thinning nature suggests weakening support ahead.

If XLM fails to reclaim levels above the Tenkan-Sen and Kijun-Sen, selling pressure may intensify. However, if the price recovers and moves above the cloud, it could signal the resumption of the recent bullish trend.

XLM Price Prediction: A Strong Correction If Buying Pressure Doesn’t Get Back

Stellar EMA lines remain bullish, with short-term lines above the long-term ones, indicating an overall upward trend. However, the narrowing gap between these lines suggests weakening bullish momentum and a potential shift in sentiment.

This signals that the ongoing downtrend could accelerate if XLM buying pressure doesn’t return soon.

If the downtrend strengthens, XLM price could see a sharp drop to its strong support at $0.099, representing a significant 76% correction.

On the other hand, if Stellar price regains its recent bullish momentum, it could retest resistance near $0.638. Breaking past this level might push XLM toward $0.70, offering a potential 62% upside from current levels.

Ethereum (ETH) derivatives traders have reacted to the altcoin’s failure to sustain the $3,500 level by increasing their short positions. This surge in bearish bets suggests that a majority of traders anticipate further price declines for ETH.

However, do other metrics align with this sentiment? This on-chain analysis explores whether these traders might be making the right call — or if the data hints at a potential rebound.

Ethereum Shorts Outpace Longs Amid Profit-Taking

As of this writing, the liquidation map reveals that Ethereum derivatives traders have opened short positions totaling $918 million since the cryptocurrency’s price drop yesterday. 

In trading, going long or short represents a trader’s expectation of price movement. Opening a long position suggests the trader believes the price will rise. Going short, on the other hand, indicates that they expect a decline.

Currently, ETH long positions are valued at approximately $218 million, highlighting that shorts have significantly outpaced bullish exposure by $700 million. However, it is important to note that if Ethereum’s price rallies toward $3,700, most of these positions with high leverage might face liquidation.

However, data from Glassnode suggests that these traders may not face liquidation unless a significant rebound occurs. This is primarily due to the rise in realized profits, which indicates that traders have locked in gains by selling or transferring assets at a higher price.

As of press time, Ethereum’s realized profits had surged to $659.22 million, suggesting that most shorts have capitalized on the price movement and may be less vulnerable to liquidation in the short term.

ETH Price Prediction: Bearish

Since November 16, ETH’s price has been trading within an ascending channel. An ascending channel is a chart pattern formed by two upward trend lines, one drawn above the price (resistance) and the other below (support). 

This pattern indicates that the price is moving higher within a defined range. The support line shows where the price tends to bounce higher, and the resistance line marks where the price faces selling pressure.

As seen below, ETH, at $3,314, has dropped below the support line. If selling pressure intensifies, the cryptocurrency’s value is likely to sink to $3,033. 

However, Ethereum derivatives traders need to watch out. Should the altcoin fail to drop below $3,220, this might not happen. Instead, the value could rise to $3,547 and possibly climb to $4,000.

The largest holder of the Solana meme coin, Moo Deng (MOODENG), recently added 11 million tokens to its holdings despite a 45% drop in its price.

This move by the top holder has fueled speculation that the cryptocurrency might recover some of its recent losses. But is a rebound on the horizon?

Moo Deng Stake Holder Adds More Tokens, but User Activity Drops

According to data from Arkham Intelligence, the MOODENG largest holder withdrew 11.80 million tokens from the Gate.io exchange. At the time of the transaction, these tokens were valued at $5.37 million.

The crypto intelligence platform further revealed that the holder transferred the entire amount to a non-exchange wallet. Following this move, the wallet now holds 104 million MOODENG, which has a current value of $38.62 million.

Typically, when something like this happens, it means that the market participant does not plan to sell anything soon. However, this does not necessarily imply that the cryptocurrency’s price will increase immediately, especially as MOODENG’s largest holder in the party involved.

Despite the accumulation, on-chain data from Santiment highlights a significant drop in Moo Deng’s daily active addresses. Active addresses represent participants — either senders or receivers — in successful transactions. Typically, an increase in active addresses signals growing user interaction, which is a bullish indicator.

However, the current decline in MOODENG’s active addresses suggests waning user interest, a bearish sign that could put additional pressure on the meme coin’s price.

MOODENG Price Prediction: Decline Not Over

On the 4-hour chart, MOODENG continues to trade within a descending triangle. A descending triangle is a bearish chart pattern commonly used in technical analysis. It is defined by a downward-sloping upper trendline and a flat, horizontal lower trendline, which serves as a support level. 

This pattern indicates increasing selling pressure and often indicates a potential breakdown below the support line. As seen below, the meme coin is on the verge of falling below the $0.34 support.

If validated, then the meme coin’s value could drop as low as $0.34. However, if MOODENG’s largest holder accumulates more volume, this could lead to a rebound toward $0.56.