#AltcoinBreakout Echoing this outlook, analyst Solberg Invest highlighted XLM’s short-term momentum after it broke above $0.43, a key technical barrier. Solberg’s target sits at $0.60, suggesting continued strength if momentum holds.

Traders seem to agree. Data from Coinalyze shows a 3.4% jump in open interest over the past 24 hours, pushing total perpetual contracts to $270.9 million. Positive funding rates across exchanges indicate that bullish leverage is building — a sign that market sentiment remains firmly optimistic.

However, rapid gains and crowded long positions also raise the risk of short-term corrections. Recent price action includes signs of a short squeeze, which could lead to volatility if sentiment flips. While XLM’s technical setup is strong