XLM Breaks Above Key Levels with Nearly 7% Surge as Traders Question Whether Stellar’s Momentum Could Signal the Start of a Larger Bullish Wave or Just Another Short-Lived Pump
Stellar (XLM) is currently trading at 0.3873 USDT after gaining almost 7% in the last 24 hours. While the chart shows strong buying pressure and higher-than-usual trading volume, what really matters is the broader market context. XLM has been consolidating for weeks and this breakout could mean a shift in momentum as buyers attempt to regain control.
From a technical perspective, holding above 0.385 is critical for bulls. If buyers can maintain this zone, the next potential target lies near 0.42. A rejection, however, could bring the price back to the 0.36-0.37 support range where strong accumulation has been happening. Beyond charts, on-chain data shows a growing interest in Stellar’s network utility which may support further gains if market sentiment in Bitcoin and altcoins remains positive.