Stellar (XLM) is experiencing bearish pressure as its price struggles to break above the 100-day Exponential Moving Average (EMA) at $0.1798. The cryptocurrency fell 2% on Thursday, indicating a short-term bearish outlook. Despite elevated Open Interest in XLM futures at $114.70 million, the long-to-short ratio remains below 1, suggesting traders are favoring short positions. Technical indicators show XLM trading below the 100-day EMA but above the 50-day EMA at $0.1669. The Relative Strength Index (RSI) is at 62, and the MACD remains above its signal line, indicating some buyer resilience. However, if XLM drops below the 50-day EMA, it could test the support zone at $0.1471. A move above the 100-day EMA could shift sentiment to bullish, targeting the 200-day EMA at $0.2101.