Saad Ullah
Stellar's finally showing some life after weeks of sideways action. The SuperTrend indicator just flipped bullish for the first time since August 25th, according to trader Ali (@ali_charts). This isn't just another false dawn - XLM is now testing a make-or-break resistance level at $0.372 that could determine whether this rally has legs.
Key Technical Levels to Watch:
- SuperTrend Signal: Flipped bullish around $0.357-$0.360, marking a clear momentum shift
- Critical Resistance: $0.372 where sellers have previously stepped in
- Support Floor: New base established at $0.357 after the signal
- Breakout Structure: Clean move higher from consolidation suggests building momentum
What's Driving the Move
The broader crypto market has stabilized, giving altcoins room to breathe. Stellar's technical reversal is attracting momentum traders who've been waiting for a clear signal. Volume picked up near the support zone, which usually means the move has some conviction behind it rather than just being a dead cat bounce.
If XLM breaks cleanly above $0.372, the next logical targets sit around $0.390 to $0.400. That's where things get interesting - momentum could really accelerate if we see follow-through buying. But crypto being crypto, failure at resistance could send XLM back to retest $0.357-$0.360 support, with deeper slides toward $0.345 possible if that level gives way.
Saad Ullah
