Stellar's Short-Term Bias Remains Bearish Without Key Reclaims

XLM, the altcoin behind Stellar, has been experiencing a downturn in recent times. The crypto market as a whole has seen a decline of 2.43% over the past 24 hours, with Bitcoin and Ethereum each down 3.0%. This bearish sentiment is part of a longer-term trend where seller-dominated price action has been dominating.

One asset that has been affected by this downturn is Stellar (XLM), which has shed 6% in value over the past week. The altcoin's price is currently trading below a vital support level, making it an important one to watch for traders and investors.

The key levels that swing traders and investors need to keep an eye on are $0.175 and $0.183. If XLM can reclaim these levels, it would be a sign of a bullish reversal in the short-term bias. However, until then, a bearish bias is maintained.