Stellar (XLM) is reflecting a remarkable strength with a notable inclination in its value, mirroring the renewed interest in the crypto sector. The XLM price over the last 24 hours is showing stability, and over the last week it is also up by 8.29%.
At the press time, XLM is trading at $0.3926 with a 24-hour trading volume of $332.04 million, marking a 25.66% surge in the past day. The coin has a market capitalization of $12.47 billion, which is stable.
Source: CoinMarketCap
In general, the crypto market turned bullish, with the BTC’s upward momentum and a surge in investors’ belief in digital assets. This inclination has urged the entire market to catch a bullish wave, including altcoins like ONDO.
Also Read: Stellar (XLM) Price Poised for Breakout With $1 Target in Sight
According to the crypto analyst CryptoPulse, XLM has broken above a descending triangle pattern, a technical formation that tends to precede the initiation of a fresh uptrend. The price action has drawn the attention of traders who see the breakout as a possible turn in market direction.
The most crucial region to watch is the $0.37–$0.38 breakout region that now becomes the ideal entry and support point. Retests and holding that region for XLM could unleash a long-term rally on a short-term level.
Source: X
Upside targets are currently at $0.45 and $0.52, levels that could be susceptible to profit-taking and would confirm bullish strength if they are surpassed. Alternatively, if support at the level of the breakout cannot be maintained, XLM could fall to the $0.36 weekly key level, where another push at higher ground could be attempted.
Open interest and trading activity both strengthened notably. The open interest increased by 3.68% to $360.01 million, reflecting a steady rise in market participation. Meanwhile, trading volume increased by 37.24%, propelling the total to $438.69 million and reflecting a surge in activity across the board.
Source: Coinglass
Meanwhile, the OI-weighted funding rate was almost unchanged at 0.0082%. The flatness is a suggestion that while both open interest and trading volume rose greatly, positioning was balanced and tilted neither towards short nor long positions.
Source: Coinglass
Also Read: Stellar (XLM) Could Soar to $0.68 as PayPal Considers PYUSD Integration
Also read: Will XRP Reclaim a Top 5 Spot by End of 2025? Market Analysts Weigh In
