According to U.Today, Stellar (XLM) has double‑confirmed the death‑cross pattern, indicating further downside pressure on the asset. The finalization of a golden cross that aligns with the death‑cross suggests the market may continue moving lower than previously anticipated. Analysts note that another support level remains available for the price to find before any reversal.
The observation follows recent chart developments where both the death‑cross and golden‑cross formations have been finalized, reinforcing the possibility of additional downward movement. The presence of an identifiable support level offers a potential cushion should price encounter resistance at that point.
