What happened?
XLM has fallen sharply over the past two weeks as broader crypto sentiment soured after President Trump raised tariffs on China. Even though the price is down about 1.4% in the last 24 hours, trading volume rose 24%, which shows selling pressure is picking up as XLM nears the $0.30 support level. At the same time, popular trader Ali Martinez tweeted that if $0.30 holds XLM could rally toward $1, but the token is trading below the 200-day EMA and the RSI is near oversold.
Who does this affect?
Short-term XLM holders and day traders are facing higher volatility and possible losses as selling pressure mounts. Swing traders and technical analysts will be watching the $0.30 support level closely since a break could trigger further downside. Altcoin investors and early-stage projects or presales, like SUBBD, could be indirectly affected by changing sentiment and capital flows into riskier crypto bets.
Why does this matter?
If XLM breaks the $0.30 support, it could spark more selling and dent confidence across the altcoin market. If $0.30 holds, a strong rebound to $0.40 or higher — and the more optimistic $1 target some traders mention — could pull buyers back into altcoins and kick off a recovery. Either way, rising volumes and weak technicals mean XLM’s next move will likely influence broader market sentiment and where investors put risk capital next.