Overview
- Stellar’s token trades near $0.22 after a seventh straight daily loss, retesting the June low around $0.217.
- Futures open interest stands at $118.43 million, down from $124.72 million the previous day, indicating reduced active positioning.
- Over the past 24 hours, long liquidations totaled about $406,740 versus $6,040 for shorts, with shorts rising to 53.37% from 50.57% on Monday.
- Four-hour RSI near 35 and a MACD drop below its signal line reflect weakening momentum, with analysts warning of potential dips below $0.2001 toward $0.1642–$0.1600 if selling continues.
- A rebound scenario could see a retest of resistance near $0.2579, while Stellar has not issued a statement and broader crypto markets remain under pressure.