XLM price recovers with rising volume and bullish indicators | Credit: Veronica Cestari
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Key Takeaways
XLM’s price shows early signs of a bullish rebound.
Indicators signal strengthening buyer momentum.
Will a breakout above $0.29 extend the rally?
After suffering a sharp 23% correction over the past 30 days, Stellar (XLM) is beginning to show signs of a rebound.
Over the last 24 hours, the XLM coin price has increased by 1.6%, indicating that buyers are regaining control gradually.
Although the asset still faces essential resistance levels, its improving price action and indicators suggest that a recovery phase may already be underway.
XLM’s price currently trades around $0.25, supported by a 16.41% surge in trading volume.
This increase in market activity reinforces the bullish sentiment, indicating that traders are re-entering the market with greater confidence.
XLM Bulls Regain Control
On the 4-hour chart, XLM’s Relative Strength Index (RSI) continues to move upward, now sitting at 59.72.
The indicator shows steady momentum toward the overbought zone, reflecting stronger buying pressure and a market structure that is gradually shifting in favor of bulls.
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The Awesome Oscillator (AO) adds further confirmation. It is printing larger green histogram bars, a clear signal that positive momentum is strengthening.
When AO transitions from red to green with expanding bars, it typically indicates a shift where buyers begin to overpower sellers.
Interestingly, this currently aligns with the XLM price’s current setup.
Furthermore, the price action also shows the XLM coin price pressing against a key resistance zone. This same zone has previously acted as a supply zone.
If the asset manages a clean breakout and holds above this level, it could signal genuine bullish continuation and pave the way for higher price targets.
Wedge Breakout Confirmed
On the daily chart, the XLM price has formed a falling wedge pattern, a bullish formation that indicates buyers are steadily reclaiming ground.
Regarding this move, a crypto trader on X also pointed out this repeating structure, saying,
“XLM has repeated the exact same falling wedge structure twice this year, and both patterns look almost identical. The first wedge produced a sharp breakout and a strong rally, and now the second wedge is testing right against its breakout zone again. If XLM breaks out the same way it did earlier in the year, then a clean 100% move from here will be highly possible,” Elite Crypto opined.
Furthermore, the Moving Average Convergence Divergence (MACD) mirrors this positive outlook. The MACD currently sits in positive territory, with green histogram bars confirming upward momentum.
At press time, the 12-day EMA has crossed above the 26-day EMA, strengthening the bullish trend signal.
Similarly, the Bull Bear Power (BBP) trades firmly in positive territory, reinforcing the growing bullish trend.
For XLM’s price, this development reflects increasing confidence among market participants, although a move above resistance remains essential for confirmation.
XLM Price Targets Disclosed
A closer look at Fibonacci retracement levels reveals that Stellar’s price is currently trading near $0.26.
Specifically, it is approaching a significant resistance zone at the 0.236 Fib level, approximately $0.29.
A breakout above this region would mark the XLM coin price’s first significant test of bullish strength and could unlock higher retracement levels.
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.
