Stellar (XLM) recently saw a significant price increase, which pushed the alternative cryptocurrency's value to higher levels. However, in the past week, the price has entered a period of consolidation. There are signs that a potential reversal may be emerging as the altcoin continues to face challenges in breaking through the key $0.50 resistance level. Over the last 24 hours, XLM has exhibited notable price volatility, which suggests that the asset may continue to experience downward pressure in the near term. The Parabolic SAR indicator, which is positioned above the candlesticks on the price chart, indicates that the downtrend for XLM is starting to gain strength. This technical signal implies that bearish momentum is becoming more pronounced, making it difficult for the altcoin to move beyond the $0.50 resistance level. Despite this, the presence of an active Golden Cross, a bullish technical indicator, could potentially counteract the effects of the ongoing downtrend. The Golden Cross typically signals a long-term upward trend and is considered a positive sign for the asset. Although there have been recent bearish signals, they might provide the necessary support to slow down the decline in XLM’s price. The overall macro momentum for XLM appears to be mixed, as indicated by the Chaikin Money Flow (CMF) indicator. Last week, the CMF reached an eight-month high, reflecting strong buying activity and positive sentiment towards the asset. However, the indicator has since started to decline, suggesting that the buying pressure is weakening. Nonetheless, the CMF remains above the zero line, indicating that the inflow of funds is still greater than the outflow. If the CMF were to fall below the zero line, it would signal that selling pressure is taking over, which would be a negative development for XLM. A further decrease in the CMF could lead to additional downward pressure on the price, reinforcing the bearish outlook for the altcoin. In the past 24 hours, XLM’s price has dropped by 7% and is currently trading at $0.45. The altcoin has been consolidating beneath the $0.50 resistance level for the past week, struggling to achieve meaningful gains. If the outflows continue to dominate, the price could face further downward pressure. Failure to break through the $0.50 resistance, combined with the weakening momentum indicators, could cause XLM to fall below its key support levels of $0.43 and $0.41. This scenario could make the altcoin more susceptible to a deeper correction, potentially pushing the price down to $0.35 in the coming days. On the other hand, if the inflows recover and the bearish trend is neutralized, XLM could find support and attempt another move toward the $0.50 resistance level. A successful breakout above $0.50 would invalidate the current bearish thesis, with XLM aiming for a price of $0.56, which would indicate a reversal of the recent downward trend.

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