- Stellar (XLM) bounced from recent lows and is pushing against key technical support zones.
- Smart accumulation and trendline convergence hint at a possible bullish setup.
- If momentum builds, targets around $0.41, $0.52, and $0.66 could be in play.
Stellar (XLM) is starting to stir again. After a few weeks of chop and shaky sentiment—mostly thanks to Bitcoin dragging its feet—XLM seems to be brushing itself off and heading back up. It bounced off a recent low near $0.2177 and is now inching toward that stubborn $0.6659 resistance level that’s stopped it before.
Right now, the token’s trading around $0.2292. Not a huge leap, but considering the broader market vibes? It’s holding its own. That said, it’s still down about 1.47% in the past day and nearly 13% on the week. So, not great… but also, maybe not terrible either. Some are calling it a setup for a rebound—if the bulls actually show up this time.
Key Levels Are Lining Up—Could Be Make or Break
According to BitMonty, Stellar’s hitting a pretty important stretch on the long-term chart. He pointed out that it’s sitting at the intersection of a major ascending trendline and a horizontal support level—basically, one of those places where price either bounces hard or falls apart.
So far? It’s still hanging above that zone. And that’s what’s giving bulls something to hope for. These kinds of convergences, historically speaking, tend to attract buyers. It’s like the market’s whispering, “now or never.”
The chart shows signs of accumulation here too. Subtle, not flashy. But it’s happening. And that often means someone smart is getting positioned before a move.
What If the Bounce Actually Sticks?
If this support zone holds and we get some solid upside movement, Stellar could push toward three big levels: first stop at $0.4122, which has been a tough ceiling before. If it clears that, $0.5262 is next—a level that’s acted as both a lid and a floor in the past. Then there’s the big one: $0.6659. That’s the real hurdle. It’s where momentum died out last time.
All these targets line up with Fibonacci retracement levels and past structure zones, so traders will definitely be watching. And let’s be real—if Stellar gets anywhere near $0.66 again, it’s probably bringing some buzz back with it.
Sentiment’s Mixed, But That’s Crypto
No one’s calling this a guaranteed rally. The market’s still shaky, and a lot hinges on Bitcoin not falling off a cliff again. But for now, XLM’s showing some strength—quietly, steadily. And that could be just enough to get people watching again.
