Stellar's XLM token jumped 80% in a week after DTCC announced plans to integrate its tokenized securities platform with the blockchain. Analysts are now watching whether the rally can extend toward $0.55. | Credit: CCN.com
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Key Takeaways
XLM is holding above $0.15 with volume up 48%, showing resilience against deeper corrections.
Bears are losing momentum as the Awesome Oscillator recovers, but $0.17 resistance must be broken.
If support holds, XLM’s price could move toward $0.20, while a failure may trigger a retest near $0.13.
Stellar (XLM) is showing renewed strength after successfully avoiding a deeper market correction. The coin is currently hovering around $0.16, with trading volume up 48% over the past 24 hours.
Although volatility across the crypto market has recently increased, XLM continues to defend critical support levels. Now, bulls are gradually shifting their focus toward the $0.20 mark as momentum builds again.
XLM Battles Bearish Structure
XLM’s price is struggling to regain bullish momentum after repeated rejections around the $0.17 resistance zone. The asset currently trades near $0.16, holding above the major $0.15 support level.
However, upside strength remains limited.
On the 4-hour chart, price action shows lower highs forming after the recent rally attempt. This indicates that buyers are gradually losing control.
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In addition, periods of positive funding have become more frequent, hinting at improving speculative sentiment.
Still, bulls need sustained positive positioning to confirm a broader recovery structure.
XLM Price Forecast: Buyers Return
XLM avoided a deeper correction after holding firmly above the long-term $0.13 support zone, reinforcing signs of seller exhaustion across the daily timeframe.
Although XLM remained under a descending trendline at press time, price action stabilized near $0.16, suggesting that bulls are gradually regaining control.
Meanwhile, the Relative Strength Index (RSI) hovered around 46, reflecting neutral momentum while leaving room for another upside attempt.
At the same time, the Moving Average Convergence Divergence (MACD) remained slightly bearish, although fading histogram pressure indicated weakening downside momentum.
This structure showed that aggressive selling had slowed considerably compared to previous months.
If buyers maintain current support levels, XLM’s price could attempt a recovery toward the $0.20 psychological region before challenging the $0.21 Fibonacci resistance level.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
