Stellar Needs to Reclaim Key Levels to Shift Short-Term Bias Bullishly

The cryptocurrency market has seen a decline in recent days, with Bitcoin and Ethereum down by 3.0% each. This downtrend has also affected Stellar ($XLM), which has shed 6% over the past week.

In May, $XLM experienced a sharp price increase from $0.139 to $0.298 in just one week, establishing a bullish swing structure. However, this move did not convincingly clear the $0.26-$0.27 supply zone from late 2025, leaving room for an alternative interpretation.

The bulls' attempt to defend the $0.17 demand zone has been met with resistance, and the technical outlook remains bearish. For a bullish reversal, Stellar needs to reclaim levels above $0.175 and $0.183.