XLM價格預測：Stellar（XLM）是否會逃脫其多年下降趨勢？

XLM（也以Stellar的名字而聞名）一直處於多年的下降趨勢，並且在此過程中的價格差異差異。

Legal Analysis

法律分析

The analysis of Stellar (XLM) is a technical analysis of a cryptocurrency and does not provide legal advice. Cryptocurrency is a volatile and risky investment, and traders should carry out their own research before making any trading decisions.

恆星（XLM）的分析是對加密貨幣的技術分析，不提供法律建議。加密貨幣是一項動盪和冒險的投資，交易者應在做出任何交易決策之前進行自己的研究。

Stellar (XLM) has been exhibiting a multi-year downtrend, characterized by wild variance in prices and periods of spikes in its short-term bubble risk oscillator. The drops in price come very close after periods of spikes in this oscillator, a measure of short-term speculative risk for the asset.

Stellar（XLM）表現出多年的下降趨勢，其特徵是其短期氣泡風險振盪器的價格和尖峰時期的野生差異。在此振盪器中的尖峰之後，價格下跌非常接近，這是對資產的短期投機風險的衡量標準。

The oscillator ranges from 0 to 1, with spikes traditionally above 0.5 indicating higher bubble risks. There were significant spikes in the oscillator in 2017, 2018, 2021, and again in 2025, all lining up with steep price declines in the asset.

振盪器的範圍從0到1，傳統上高於0.5的尖峰表明氣泡風險更高。振盪器在2017年，2018年，2021年以及2025年再次有巨大的尖峰，所有資產的價格下降。

To illustrate, in 2017, XLM peaked at $0.9 before crashing to $0.1, a 90% drop by 2019. A very similar price action occurred going higher, in 2021, XLM peaked at $0.7, with a crash back to $0.1 by 2023. Recently in 2025, even after a massive run-up to $0.4, XLM crashed back to $0.1, roughly coinciding with a peak in the oscillator at .808 which confirmed the strong bearish momentum.

為了說明，2017年，XLM峰值為0.9美元，然後墜毀至0.1美元，到2019年下降了90％。在2021年，非常相似的價格行動越來越高，XLM達到0.7美元，到2023年墜毀至0.1美元，即使在2023年，即使在2025年，在大規模上升到0.4美元，XLM跌至0.4美元，xlm的漲幅為0.1美元，該公司銷量為0.1美元，該公司的銷量為$ 0.1，該公司的銷量為$ 0.1，該公司又一次漲到0.1美元。 .808證實了強大的看跌動量。

Signals of Potential Reversal

潛在逆轉的信號

The IMP indicator, measuring the strength of buyers and sellers, had a reading of 0.48, indicating a balance in strength, which might favor a trend change. Typically, a reading below 0.4 indicates stronger seller strength, while a reading above 0.5 indicates stronger buyer strength.

衡量買賣雙方的力量的IMP指標的讀數為0.48，表明力量平衡，這可能有利於趨勢變化。通常，低於0.4的讀數表明賣方強度更強，而讀數高於0.5表示更強的買家實力。

For XLM to escape its past trend of sharp drops, it would have to maintain a price level above $0.4. If this happens in conjunction with a drop in the Imp Indicator and the asset entering a less volatile state, it may signal a shift to a more bullish trend.

為了使XLM逃脫其過去的急劇下降趨勢，必須將價格水平保持在0.4美元以上。如果這種情況與IMP指標的下降和進入揮發性較小的資產結合使用，則可能表明轉移到更持久的趨勢。

Price Declines from All-Time Highs (ATH)

價格從歷史高峰（ATH）下降

The ATH Percentage Drawdown chart provides further information regarding XLM’s past declines.

ATH百分比縮減圖提供了有關XLM過去下降的更多信息。

XLM in 2018 hit a high of $0.9 but by 2019 had fallen more than 90% to $0.1. Something similar happened in 2021 when the token hit $0.7 only to decline 80% by 2022.

XLM在2018年達到0.9美元，但到2019年下降了90％以上，至0.1美元。在2021年，令牌達到0.7美元，到2022年下降了80％，發生了類似的事情。

The same trend was seen again in 2025, as XLM came close to touching $0.4 before sharply falling to $0.1, an 84.5% fall. This recurring trend of 80%-90% drawdown shows the high volatility and bearish nature of XLM.

在2025年再次看到了同樣的趨勢，因為XLM接近$ 0.4，然後急劇下跌至0.1美元，下降了84.5％。 80％-90％的下降趨勢的這種反復出現的趨勢表明XLM的波動性和看跌性質。

But if the asset can hold a price above $0.4 while keeping its drawdown below 50%, this may indicate a change to bullish. Decreasing volatility and a greater degree of price stability would also favor this being the case.

但是，如果資產可以將價格限於0.4美元，同時將其降低到50％以下，則可能表明對看漲。降低波動性和更高程度的價格穩定性也將有利於這種情況。

If Xൽ breaks through $0.289401 under lessened liquidation pressure, it will likely be a precursor to an impending bullish momentum. Under these circumstances, positions above $0.29 would increasingly become alluring to traders pursuing momentum.

如果Xൽ在降低的清算壓力下破裂了$ 0.289401，則可能是即將來臨的看漲勢頭的先驅。在這種情況下，超過0.29美元的職位將越來越多地誘人地追求勢頭。

Conclusion

結論

Stellar (XLM) remains highly volatile, with price corrections traditionally occurring after highs in the bubble risk oscillator. However, indications of stabilization in drawdowns and lower liquidation risks may be the precursor to a possible recovery. A persistent price above $0.4, along with a drawdown of below 50%, could signal a move towards a more bullish trend. As traders navigate this volatile landscape, keeping a close eye on major liquidity levels and oscillator trends will be crucial for making sound trading decisions.

恆星（XLM）保持高度揮發性，在氣泡風險振盪器中高高後，價格校正傳統上發生。但是，在逐漸減少和降低清算風險中穩定的適應症可能是可能恢復的先驅。持續價格高於0.4美元的持續價格，以及低於50％的降價，這可能表明朝著更持久的趨勢邁進。隨著貿易商在這種波動的景觀中導航，密切關注主要的流動性水平，振盪器趨勢對於做出合理的交易決策至關重要。