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Stellar (XLM) drops 8.5% amid Bitcoin slump triggered by Nasdaq chip sell-off

Market News
05 Nov 2026, 21:36 WIB
CryptoTicker
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Bearish
Stellar (XLM) drops 8.5% amid Bitcoin slump triggered by Nasdaq chip sell-off

Stellar (XLM) fell 8.5% in 24 hours, following Bitcoin's 5.6% drop after a Nasdaq chip sector sell-off hit major cryptocurrencies. No specific news affected Stellar; its price movement closely tracks Bitcoin with a strong correlation. Key support levels for XLM include its 30-day low at $0.151 and 50-day average at $0.192. Investors are advised to reduce leverage and consider hedging strategies amid market volatility. The next major event for Stellar is a protocol vote scheduled for November 23, which could influence future price action.

Stellar (XLM) is trading at Rp2.812 on Pluang, down 7.01% in the last 24 hours, with a market cap of Rp97,79 trillion. Bitcoin (BTC) also declined, priced at Rp1.388.775.326 with a 4.54% drop. These figures reflect the ongoing market volatility as of Nov 06, 2026 02:51 WIB.

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XLM trades near $0.169 with slight gains and key support at $0.1670, resistance at $0.1715.

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