Peter Smith
Stellar (XLM) is making waves in today's trading session, delivering the kind of breakout that gets traders talking. After weeks of consolidation around the $0.40 mark, the cryptocurrency has finally punched through resistance with conviction, posting solid gains that have bulls eyeing even bigger moves ahead. With technical indicators aligning and momentum building, XLM appears ready to test higher ground.
Stellar Shows Real Strength as Buyers Step In
Stellar's having quite the day, jumping 2.84% to hit $0.41157 on what looks like genuine buying interest. The move caught traders' attention, with one noting on X: "#XLM just popped above $0.41 on the 4H and it's looking strong."
What's encouraging here isn't just the price action — it's how cleanly XLM broke through resistance. The $0.40 level that was giving bulls trouble earlier has now flipped to support, which is exactly what you want to see in a healthy breakout.
Next Stop $0.42? The Setup Looks Promising
With $0.40 now acting as the floor, bulls are eyeing that $0.42 target. The volume behind this move suggests it's not just another fake-out, and the candle patterns are showing real conviction from buyers.
If this momentum holds and we don't see any nasty rejections back below $0.40, XLM could easily test $0.42 in the coming sessions. As one trader put it, this could be the start of a "juicy leg higher" — and honestly, the technical setup backs that up.
The key thing to watch? A solid close above current levels would pretty much confirm this isn't just a quick pump before the dump.
Peter Smith
