Saad Ullah
Stellar (XLM) shows resilience after recent volatility, stabilizing around the key $0.363 pivot. Technical indicators reveal higher lows and bullish moving average alignment, suggesting buyers are regaining control. Recent ecosystem upgrades provide fundamental support as traders watch for a breakout above $0.366 resistance.
Bulls Regain Control as Technical Setup Improves
XLM/USDT trades at $0.3631, up +1.62% in 24 hours within a $0.3531–$0.3659 range. Famous trader noted, the $0.33–$0.35 support zone remains the structural foundation for the broader bullish outlook. Short-term moving averages align bullishly with MA5 ($0.3624), MA10 ($0.3624), and MA15 ($0.3622) all above MA30 ($0.3618), signaling strengthening momentum.
Price structure shows higher lows from the $0.3619 base, indicating accumulation.
Key Levels and Price Scenarios
Immediate resistance sits at $0.3659 (24h high), with a break potentially triggering moves toward $0.368–$0.372. Support holds between $0.3620–$0.3625, backed by rising moving averages. Stronger support lies at $0.3531 and the psychological $0.35 level.
For larger moves, clearing $0.42–$0.50 macro resistance could unlock targets toward $0.55 and potentially $1.00 if $0.35 support holds. Protocol 23 upgrades and partnerships like Archax provide fundamental backing, though overhead resistance will test bulls' commitment.
Three scenarios emerge: bullish breakout above $0.3659 targeting $0.368–$0.372 then $0.42, neutral consolidation between $0.353–$0.366, or bearish breakdown below $0.35 risking $0.34–$0.32 retracements.
Saad Ullah
