Peter Smith
While most crypto traders were focused elsewhere, Stellar quietly delivered a punchy 5.74% rally that's got people talking. The sleeping giant just flexed its muscles with a sharp bounce off support, and now bulls are wondering if this is just the warm-up act.
XLM Price Shows Serious Strength After Sharp Bounce
Stellar didn't mess around with its latest move. The token rocketed from a daily low of $0.3808 straight up to $0.4162, catching many by surprise with its sudden burst of energy. That's not just a gentle drift higher—it's the kind of decisive move that suggests real buying pressure behind the scenes.
The numbers tell the story: 24-hour volume exploded to 101.34M XLM and 40.39M USDT on Binance alone. When you see volume spikes like this accompanying price moves, it usually means the market is paying attention.
Trader @zenithzoro summed it up perfectly, noting that XLM is "not coming slow in the race." Translation: this token is picking up serious momentum and might be gearing up for something bigger.
XLM Bulls Eye $0.6055 Target as Next Major Milestone
Right now, XLM is bumping up against resistance around $0.42-$0.43, but if this momentum keeps building, traders have their sights set much higher. The big prize? A potential run to $0.6055—a target that would represent massive upside from current levels.
The key level to watch is that $0.40 support zone. As long as XLM holds above this level, the bullish story stays intact and buyers remain in control. But if we see a slip below $0.38, it could signal that the rally needs to take a breather before the next leg up.
What makes this setup interesting is how cleanly XLM bounced off that $0.38 support. Clean bounces often lead to sustained moves, especially when backed by the kind of volume we're seeing here.
Peter Smith
