Usman Salis
Stellar (XLM) is waking up after months of quiet consolidation. Traders are starting to notice its steady climb within a well-defined bullish channel. Daily trading volume has almost doubled, and market sentiment is shifting. Many are wondering if this overlooked altcoin is about to make its next big move.
XLM Chart Analysis
Trader Crypto June highlights that the chart shows a consistent upward channel that's been forming over the past several weeks, with clear support and resistance levels guiding the price action.
The setup looks particularly promising right now, with technical indicators aligning in favor of bulls and the structure remaining intact despite recent market volatility:
- Current Price: $0.372 (up 1.39% on the day)
- Market Cap: $11.87 billion
- 24h Volume: $262 million — a 94% surge that signals strong liquidity flowing in
- Technical Picture: XLM has been bouncing off support near $0.365 while testing resistance around $0.375
- Momentum: Every dip gets bought quickly, keeping the bullish structure alive
If resistance breaks convincingly, Stellar could be setting up for a sharp move higher.
Why XLM Is Getting Noticed Again
While often overshadowed by bigger names, Stellar continues making progress in cross-border payments and blockchain settlement systems. There's also renewed interest in alternative layer-1 networks, which has put XLM back on traders' radars. When Stellar does rally, it tends to move fast and hard - which makes the current formation worth watching.
Usman Salis
