Stellar Price Tests $0.15 as XLM Long Liquidations Mount

XLM’s daily structure remains bearish, with $0.150 emerging as the immediate level separating stabilization from another potential decline. Negative funding and long-heavy liquidations indicate pressure on leveraged buyers, although account positioning remains skewed toward longs. A recovery above $0.170 would challenge the short-term downtrend, while the major moving-average cluster presents a more demanding reversal threshold. Stellar’s XLM approached $0.15 on November 6 after a prolonged decline, with derivatives data pointing to growing pressure on leveraged buyers as the token struggled to defend its latest support area.

Source: ETHNews