Usman Salis
Stellar (XLM) is maintaining solid footing after retesting a key bullish flag formation, signaling that demand remains strong and momentum could be building for the next move higher. The successful defense of this technical pattern has caught the attention of market participants watching for altcoin opportunities.
XLM Technical Overview
Recent analysis from trader Jonathan Carter highlights that Stellar is stabilizing after retesting a bullish flag on the 2-day chart. When these retests hold, they often set the stage for significant upward moves. The chart shows XLM firmly holding above the broken flag structure, with consistent buying pressure preventing any meaningful pullback.
This stability suggests traders are positioning themselves ahead of a potential continuation rally. The technical structure reveals solid support near the $0.30–$0.32 zone, where buyers have been actively defending. If momentum persists, the outlined targets include:
- $0.45 as the first resistance and short-term objective
- $0.57 as a mid-range technical level aligned with historical supply zones
- $0.80 as a psychological milestone where previous sellers might re-engage
- $1.00 as a longer-term target representing a major round number and significant breakout threshold
Why Stellar's Setup Matters
XLM's resilience at this juncture reflects growing interest in altcoins as Bitcoin moves sideways. Stellar's real-world utility in cross-border payments and ongoing blockchain partnerships provide fundamental backing to complement the technical pattern. The successful hold of this bullish retest could draw in additional liquidity and volume, potentially accelerating price action toward the upper targets.
Usman Salis
