With both the moving averages falling and the RSI close to the oversold levels, Stellar is in a clear downtrend.
The bears successfully defended a retest of the breakdown level at $0.184 and the XLM/USD pair has turned down once again. A breakdown of $0.13427050 will resume the downtrend. The next level to watch on the downside is $0.08.
If the bulls defend the $0.13427050 level, the digital currency might remain range-bound for a few days. We shall turn positive on it if the price sustains above $0.184. Until then, it is best to remain on the sidelines.