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The price of Stellar (XLM) is in the spotlight amid an emerging period of volatility, despite having dropped more than 2% in the last 24 hours.
This development has led to consolidation around the support level of $0.2600 and the resistance level of $0.2750, as the Bollinger Bands show a narrow range.
According to market data, the price of Stellar (XLM) was trading at $0.2672, representing a decrease of 2.02% over the last 24 hours.
Investor interest remains low as trading volume significantly fell by 17.45% to $145.25 million during the same period.
The Bollinger Bands for Stellar show a squeeze, suggesting low volatility and a potential setup for a breakout.
If XLM manages to bounce back to the resistance of $0.2750 amid increasing volume and breaks through, prices could soar higher.
However, a drop below the lower support of $0.26 could trigger selling pressure, potentially leading to a further decline in the price of XLM.
The current Bollinger Bands indicator suggests that XLM is oversold and could bounce back if investors start buying to initiate buying pressure.
In the coming days, results for Stellar (XLM) will be shown, and it will see if the asset can break out and start its journey to the psychological level of $0.30.
Meanwhile, the Stellar development team sent an optimistic message to the community amid market volatility.
In a message on X, a verified Stellar user reassured the community that the ecosystem is building what will exist, not chasing noise.
This indicates that the Stellar team is committed to sustainable development. Therefore, instead of chasing crypto hype, it remains focused on the long game.
The publications highlight Stellar projects that focus on means of change in the crypto space. These include security, tokenization, and production-level infrastructure.
For example, regarding security, Tomer Weller, the Director of Products at Stellar, emphasized the importance of protecting users on the network.
Weller acknowledged that there is no universal remedy for fixing hacks carried out by bad actors, but Stellar is focused on creating a secure 'execution environment'.
He argued that the Stellar ecosystem protects users better than, say, EVM. Weller assured that Stellar will continue to prioritize security in the ecosystem.
Weller noted that developers choose the Stellar ecosystem due to its intersection with DeFi and the tokenization of real assets.
The Director of Products believes that ongoing progress will contribute to adoption in the long term.
Against this backdrop of striving for sustainability, investors remain interested in the price efficiency of XLM.
Historically, June is a bearish month for the price of XLM, with an average negative growth of 8.05%, according to Cryptorank data.
Notably, from 2017 to 2024, the price of XLM had a streak of finishing in the red zone, except for 2023, when it moved into the green zone with a growth of 19.9%.
The Stellar ecosystem needs to support XLM with strong trading volume in June to reach the psychological level of $0.30.
Figures that are significantly low and in the negative by more than 17% need to change in order to have a chance for recovery.
Moreover, if more users utilize XLM in cross-border payments, it could support its upward movement towards a critical price level.
It is worth noting that the price of Stellar (XLM) has not stabilized above $0.30 since its fall from the level in early March 2025.
$XLM , $XRP , $IOTA
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