The broader crypto market is experiencing selling pressure, and analysts are looking at various crypto assets like Stellar (XLM) to determine their price outlook. Stellar is facing a major resistance at the $0.55 level, which has held strong since 2018. Sell walls and historical significance of this level create hurdles for price rallies. The recent decline in the crypto market has also affected Bitcoin, Ethereum, XRP, Solana, Dogecoin, Cardano, and Chainlink, with most assets in the top 100 in the red. The declines resulted in significant liquidations of leveraged derivatives trading positions.



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