Stellar (XLM) Bull Flag Breakout Shows Cracks as Momentum Fades
The post Stellar (XLM) Bull Flag Breakout Shows Cracks as Momentum Fades appeared on BitcoinEthereumNews.com. Stellar (XLM) has had a strong July, rallying 77% this month. But in the last seven days, it’s given up nearly 10%, and the picture on the charts is looking less convincing. On the two-day chart, XLM price initially broke out of a bull flag, a continuation pattern that usually signals another upward leg, yet the candles that followed have mostly turned red. Without new buying pressure, the breakout could already be faltering. Net Flows: The Only Tailwind is Losing Strength Exchange net flows have played a big role in XLM’s recent rally. Earlier this month, more coins were leaving exchanges than entering, reducing available supply and fueling upward momentum. Stellar price and netflows: Coinglass Over the past week, that trend has weakened noticeably, with net outflows sliding closer to neutral levels. The lack of sustained withdrawals hints that long-term holders aren’t adding fresh buying pressure anymore, leaving the breakout without much support. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Weak Money Flow Adds to Concerns Volume data on the two-day timeframe reinforces this fading momentum. On-Balance Volume (OBV), which tracks cumulative buying and selling pressure, has been drifting lower despite the XLM price breakout, showing that large buyers aren’t stepping in with conviction. XLM and the On Balance Volume metric: TradingView Similarly, the Chaikin Money Flow (CMF) has dropped sharply, falling from highs around 0.35 in early July to roughly 0.12 now. CMF gauges whether actual money is flowing in or out of an asset, and a slide like this indicates weakening demand. Chaikin money flow indicator showing XLM price weakness: TradingView Both metrics suggest that the bullish breakout may lack the capital backing needed to extend higher. Stellar (XLM) Price Still Above Flag, but…
The post Stellar (XLM) Bull Flag Breakout Shows Cracks as Momentum Fades appeared on BitcoinEthereumNews.com.
Stellar (XLM) has had a strong July, rallying 77% this month. But in the last seven days, it’s given up nearly 10%, and the picture on the charts is looking less convincing. On the two-day chart, XLM price initially broke out of a bull flag, a continuation pattern that usually signals another upward leg, yet the candles that followed have mostly turned red. Without new buying pressure, the breakout could already be faltering. Net Flows: The Only Tailwind is Losing Strength Exchange net flows have played a big role in XLM’s recent rally. Earlier this month, more coins were leaving exchanges than entering, reducing available supply and fueling upward momentum. Stellar price and netflows: Coinglass Over the past week, that trend has weakened noticeably, with net outflows sliding closer to neutral levels. The lack of sustained withdrawals hints that long-term holders aren’t adding fresh buying pressure anymore, leaving the breakout without much support. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Weak Money Flow Adds to Concerns Volume data on the two-day timeframe reinforces this fading momentum. On-Balance Volume (OBV), which tracks cumulative buying and selling pressure, has been drifting lower despite the XLM price breakout, showing that large buyers aren’t stepping in with conviction. XLM and the On Balance Volume metric: TradingView Similarly, the Chaikin Money Flow (CMF) has dropped sharply, falling from highs around 0.35 in early July to roughly 0.12 now. CMF gauges whether actual money is flowing in or out of an asset, and a slide like this indicates weakening demand. Chaikin money flow indicator showing XLM price weakness: TradingView Both metrics suggest that the bullish breakout may lack the capital backing needed to extend higher. Stellar (XLM) Price Still Above Flag, but…
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