Date: Wed, Nov 05, 2025 | 06:15 AM GMT
The cryptocurrency market is showing minor signs of relief after the sharp sell-off seen over the past two days, which dragged Bitcoin (BTC) down to the $98K region before rebounding to around $102K. Total liquidations have now surpassed $2 billion , highlighting the heightened volatility sweeping through the derivatives market.
This market turbulence has kept pressure on major altcoins , including Stellar (XLM) which have records a steep 32% monthly decline. However, its technical structure is now hinting at the possibility of a short-term rebound as it continues to hold a crucial support zone.
Source: Coinmarketcap
Holds Symmetrical Triangle Support
On the weekly chart, XLM remains within a symmetrical triangle, a neutral yet powerful pattern that often precedes a significant volatility breakout — either upward or downward.
After facing rejection near the triangle’s descending resistance at $0.5204, Stellar underwent a sharp 50% correction, retesting the triangle’s ascending support trendline near $0.2532. Buyers have once again stepped in to defend this key level, helping the token rebound toward $0.2732, signaling early buying interest.
Stellar (XLM) Daily Chart/Coinsprobe (Source: Tradingview)
Historically, this ascending trendline has acted as a dynamic demand zone, cushioning each pullback since April 2025. Maintaining this formation could provide the base for a bullish continuation, particularly as momentum indicators show early signs of stabilization.
What’s Next for XLM?
If buyers continue to defend ascending trendline support near $0.25 region, XLM could soon attempt to retest its 50-day moving average (MA) at $0.3456, which stands as the next key resistance level. A confirmed breakout above that level may fuel a move toward the upper boundary of the triangle near $0.42, potentially triggering a strong rebound phase.
For now, holding above the ascending support remains crucial for XLM’s bullish outlook. A breakdown below this zone could invalidate the setup and expose the token to further downside toward the 100-day MA near $0.2302 before any recovery attempt.
