XLM价格预测：Stellar（XLM）是否会逃脱其多年下降趋势？

XLM（也以Stellar的名字而闻名）一直处于多年的下降趋势，并且在此过程中的价格差异差异。

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.

恒星（XLM）的分析是对加密货币的技术分析，不提供法律建议。加密货币是一项动荡和冒险的投资，交易者应在做出任何交易决策之前进行自己的研究。

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）表现出多年的下降趋势，其特征是其短期气泡风险振荡器的价格和尖峰时期的野生差异。在此振荡器中的尖峰之后，价格下跌非常接近，这是对资产的短期投机风险的衡量标准。

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.

振荡器的范围从0到1，传统上高于0.5的尖峰表明气泡风险更高。振荡器在2017年，2018年，2021年以及2025年再次有巨大的尖峰，所有资产的价格下降。

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.

为了说明，2017年，XLM峰值为0.9美元，然后坠毁至0.1美元，到2019年下降了90％。在2021年，非常相似的价格行动越来越高，XLM达到0.7美元，到2023年坠毁至0.1美元，即使在2023年，即使在2025年，在大规模上升到0.4美元，XLM跌至0.4美元，xlm的涨幅为0.1美元，该公司销量为0.1美元，该公司的销量为$ 0.1，该公司的销量为$ 0.1，该公司又一次涨到0.1美元。 .808证实了强大的看跌动量。

Signals of Potential Reversal

潜在逆转的信号

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.

衡量买卖双方的力量的IMP指标的读数为0.48，表明力量平衡，这可能有利于趋势变化。通常，低于0.4的读数表明卖方强度更强，而读数高于0.5表示更强的买家实力。

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.

为了使XLM逃脱其过去的急剧下降趋势，必须将价格水平保持在0.4美元以上。如果这种情况与IMP指标的下降和进入挥发性较小的资产结合使用，则可能表明转移到更持久的趋势。

Price Declines from All-Time Highs (ATH)

价格从历史高峰（ATH）下降

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

ATH百分比缩减图提供了有关XLM过去下降的更多信息。

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年达到0.9美元，但到2019年下降了90％以上，至0.1美元。在2021年，令牌达到0.7美元，到2022年下降了80％，发生了类似的事情。

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年再次看到了同样的趋势，因为XLM接近$ 0.4，然后急剧下跌至0.1美元，下降了84.5％。 80％-90％的下降趋势的这种反复出现的趋势表明XLM的波动性和看跌性质。

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，如果资产可以将价格限于0.4美元，同时将其降低到50％以下，则可能表明对看涨。降低波动性和更高程度的价格稳定性也将有利于这种情况。

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在降低的清算压力下破裂了$ 0.289401，则可能是即将来临的看涨势头的先驱。在这种情况下，超过0.29美元的职位将越来越多地诱人地追求势头。

Conclusion

结论

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.

恒星（XLM）保持高度挥发性，在气泡风险振荡器中高高后，价格校正传统上发生。但是，在逐渐减少和降低清算风险中稳定的适应症可能是可能恢复的先驱。持续价格高于0.4美元的持续价格，以及低于50％的降价，这可能表明朝着更持久的趋势迈进。随着贸易商在这种波动的景观中导航，密切关注主要的流动性水平，振荡器趋势对于做出合理的交易决策至关重要。