Stellar’s rally has turned into a sharp pullback, leaving traders divided after XLM dropped 17% in 24 hours.
The move followed a strong weekly advance tied to DTCC partnership excitement, rising volume, and renewed interest in the asset.
XLM remains up about 62% over the past week, but the latest drop has shifted focus to key support and resistance levels.
Stellar Lumens recorded a sharp daily correction after a fast rise over the past week.
XLM was down 17% at the time of writing, making it one of the weakest major crypto assets over 24 hours.
The pullback came after Stellar surged more than 26% during the recent rally.
The move was linked to market excitement around a DTCC partnership and stronger trading activity.
The price had reached about $0.206 during the rally, with volume and market value also rising. That showed renewed market interest after a long period of weaker price action.
Stellar surged over 26% as DTCC partnership excitement fuels strong bullish momentum. The price hit ~$0.206 with rising volume and market cap, signalling renewed investor interest and a potential breakout beyond key resistance levels.
#XLM #Cryptohttps://t.co/Cpy8647PAp
— TWJ News (@TronWeekly) May 30, 2026
Despite the daily decline, XLM still held a strong weekly gain. The asset remained up about 62% over seven days, based on the data shared.
On the daily chart, XLM was trading near $0.2366, up 3.21% in the shown session. The chart placed the price near the 0.786 Fibonacci level at $0.2263.
That $0.2263 level is now the first major support area. A hold above it could keep the short-term recovery active.
A daily close below $0.2263 could weaken the current bounce. In that case, traders may watch the $0.20 area as the next support.
The lower support zone sits between $0.15 and $0.17. This area matches the full retracement zone near $0.1669.
The next major resistance sits near $0.2730. This level matches the 0.618 Fibonacci retracement on the daily chart.
A break above $0.2730 could open the path toward $0.3057. After that, traders may watch $0.3385 as another key level.
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The MACD has moved into positive territory on the daily chart. The MACD line is above the signal line, and the histogram remains above zero.
This setup shows rising bullish momentum. It also supports the recent bounce from the lower price range.
The RSI is near 71.33, which places XLM in overbought territory. That reading shows the recent move has become stretched.
Overbought readings do not always signal a reversal. However, they can lead to cooling, sideways trade, or short pullbacks.
The wider resistance zone is near $0.3790. A break above that level could improve the broader price structure.
The top of the measured range remains near $0.4445. That level marked the upper area on the Fibonacci setup.
The next XLM move may depend on $0.2263 support and $0.2730 resistance. Traders remain split after the 17% drop, as weekly momentum is still intact.
The post Stellar’s Rally Just Flipped-Traders Split After 17% Drop appeared first on Live Bitcoin News.
