While the 1-day chart showed strength, the 4-hour chart highlighted a bearish divergence.

XLM has a strongly bullish outlook across multiple timeframes and has revisited the $0.42-$0.44 demand zone. The pullback might be over, unless Bitcoin drops below the $116.8k short-term support.

Stellar [XLM] was in a strong uptrend, but it could be time for a minor pullback. AMBCrypto reported that bulls may be exhausted after driving a 110% rally in just one week.

Stellar’s price dip in recent hours also coincided with a 4.95% pullback for Bitcoin [BTC], from $123.2k to $117.1k.

Coinalyze data showed that bullish enthusiasm was still strong in the short-term, and Funding Rates remained positive. The 10.6% price drop was accompanied by a drop of $20 million in Open Interest.

This suggested long liquidations and traders taking profit at the $0.51 resistance zone.

The spot CVD maintained its uptrend, showing that sellers weren’t dominant yet. This suggested that the price pullback might be shallow