Stellar (XLM) is making waves again, surging 50% from its June lows to reach $0.3314, the highest price since March.
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With a 14.55% daily gain and trading volume up 300%, the token has decisively broken above both its 50-day and 200-day exponential moving averages (EMAs), signaling a powerful bullish reversal.
Stellar (XLM) price reaches multi-month highs. Source: TradingView
On-Chain Momentum and Market Demand Fuel XLM’s Rally
Stellar’s (XLM) price has recently shown a strong bullish breakout, supported by strong fundamentals.
Stellar’s total value locked (TVL) in DeFi has hit a record $104 million , while stablecoin supply continues to rise.
At the same time, XLM futures open interest has jumped to $281 million, showing strong institutional and retail appetite, suggesting renewed investor interest.
Now, Stellar (XLM) price is approaching a critical resistance zone around $0.34–$0.36, which previously acted as both support and resistance.
A confirmed breakout above this level could open the way toward $0.41 and $0.50 if bullish sentiment continues.
XLM technical analysis is bullish, but risks remain. Source: TradingView
Bullish Signals Flash, But Risks Remain
Technical indicators support the bullish momentum, but also signal caution. The MACD shows a bullish crossover with widening histogram bars, confirming upward momentum. However, the Relative Strength Index (RSI) is at 79.25 or deep in the overbought territory, suggesting that a short-term correction or consolidation is possible.
If a pullback occurs, the nearest support lies around $0.30, with stronger backing at $0.26, both of which are previous consolidation zones.
Why This Matters
Stellar’s breakout is fueled by real on-chain growth, not just hype, marking renewed investor confidence. A confirmed move above resistance could signal a longer-term trend reversal.
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People Also Ask:
Stellar (XLM) is a blockchain-based platform designed to facilitate fast, low-cost cross-border payments and asset transfers. Its native token, Lumens (XLM), is used to pay transaction fees and facilitate operations on the network.
Like all cryptocurrencies, XLM carries risk and volatility. Investors should conduct thorough research, consider market trends, and evaluate their risk tolerance before investing.
Stellar focuses on facilitating global payments and connecting financial institutions, emphasizing speed and low transaction fees.
