- XLM remains in a bullish structure after breaking long-term trendline resistance in early 2023.
- Javon Marks projects a 280% move toward $0.681, with $1.29 as the next major target if resistance breaks.
- Momentum indicators are strong but slightly overheated, while the TopNod partnership adds a supportive adoption narrative.
Stellar’s XLM is still holding onto a bullish structure, and the chart is starting to look a lot more constructive than it did a year ago. After breaking a long-standing trendline resistance in early 2023, the token shifted sentiment from “stuck in a downtrend” to “maybe this thing is actually building again.” And that shift matters, because once a multi-year trendline breaks, it usually changes how traders approach pullbacks.
Crypto analyst Javon Marks has been highlighting this structure, noting that the breakout sparked strong upside momentum and confirmed buyer strength. In his view, as long as XLM holds the breakout region as support, any dips could end up acting as fuel rather than failure.
A 280% Upside Projection Is Back on the Table
Marks’ projection suggests XLM could be setting up for a roughly 280% advance toward the $0.681 level. That target has become the key number traders keep circling, not because it’s magical, but because it now sits as the major resistance point on the higher timeframe.
This is where the setup gets interesting. If XLM reaches $0.681 and gets rejected, it would still be a strong move, but it keeps the market in “recovery mode.” If it breaks through decisively, though, the entire bullish thesis becomes harder to ignore.
A clean move past $0.681 could open the path toward the next major target around $1.29, which would imply a much larger expansion phase. It’s not guaranteed, obviously. But structurally, that’s the ladder traders are watching.
Short-Term Chart Shows a Trend Shift
TradingView data on the 4-hour XLM chart supports the idea that the token has transitioned away from its previous downtrend. XLM had been selling off into the $0.142 region, where it started to form a base. From that point, price began printing higher lows, along with stronger bullish candles that gradually shifted momentum upward.
Now XLM is pushing into the $0.175 to $0.180 resistance region, an area that previously acted as a supply zone. That’s a classic “test” level. If buyers can absorb selling pressure here, the market usually looks for continuation. If they can’t, price often pulls back, sometimes sharply, before trying again.
Momentum indicators confirm the bullish shift, but they also flash a small warning. The RSI is sitting near 75, which shows strong buying momentum, but it also suggests the token is approaching overbought territory. The MACD is also positive, with expanding histogram bars and a bullish crossover, which supports the idea that upside momentum is still active.
So yes, the trend is up. But the market may need to cool off briefly before the next clean leg higher.
TopNod Partnership Adds a Fundamental Tailwind
Alongside the improving price action, Stellar also picked up a notable ecosystem catalyst. On Thursday, February 12, TopNod announced a partnership with the Stellar network at the Consensus Hong Kong event.
The partnership is focused on expanding financial access through blockchain technology, particularly across Asia. TopNod plans to leverage Stellar’s scalability and efficiency to deliver more interoperable blockchain solutions for individuals and businesses, with an emphasis on lowering transaction costs and improving global value transfers.
This type of development matters because it strengthens the “real utility” narrative around Stellar. XLM has always positioned itself as a payments and transfer-focused network, and partnerships like this reinforce that use case. If adoption accelerates, it could provide more stability beneath price action, especially during volatile market periods.
What Traders Are Watching Next
Right now, XLM is in a constructive spot. The higher timeframe structure remains bullish as long as support holds, and the lower timeframe shows improving momentum. The near-term challenge is clearing the $0.175–$0.180 zone cleanly without getting overheated.
On the bigger chart, though, the entire market is still staring at $0.681. If XLM can eventually break through that level with volume and follow-through, the move toward $1.29 becomes much more realistic. Until then, the bullish structure is intact, but confirmation remains the final boss.
