The native token of Stellar, XLM, is expected to drop by 35% to reach the $0.189 mark as it has broken crucial support at the $0.311 level. Trading volume has increased by 120% in the past 24 hours, suggesting a shift in market sentiment towards bearishness. Technical analysis indicates that XLM could find temporary support at the $0.25 mark before reaching $0.189. Despite the breakdown, XLM's price remains above the 200 EMA on the daily timeframe, acting as a support level. Data from the XLM exchange liquidation map shows that short positions currently dominate the asset, indicating a bearish outlook. Traders betting on short positions are over-leveraged at $0.3321, while those betting on long positions are over-leveraged at $0.2821. This suggests that bears could push XLM's price towards $0.189 soon.



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