Stellar's Market Challenges Amid Bearish Sentiment

Stellar (XLM) is experiencing ongoing downward pressure as the broader cryptocurrency market remains weak. According to NS3.AI, 68% of traders are holding short positions, highlighting a strong bearish sentiment. Despite this, on-chain analysis reveals increasing capital inflows, indicated by a bullish divergence in the Chaikin Money Flow indicator, suggesting that investors might be accumulating XLM. The cryptocurrency needs to maintain support around $0.210 to prevent further decline towards $0.188. If buying momentum increases, there is potential for a rebound to $0.230.