Stellar is showing signs of strength after reclaiming a historic support level. With bullish structure forming and key confluences in place, a breakout toward $0.35 could be underway.
Stellar (XLM) is trading at a critical technical level that has historically acted as a major barrier. Recently flipped into support, this zone could now serve as the foundation for a fresh bullish rally.
The current market structure shows clear higher highs and higher lows, and with price action bouncing 1.17% off this zone, XLM appears poised for further upside. This technical setup aligns with strong support from both the volume profile and moving averages, increasing the probability of a bullish continuation.
Key technical points
- Key Support Reclaimed: The $0.20 level, resistance since April 2022, has been flipped into support.
- Bullish Market Structure: Price is forming a rising channel with higher highs and higher lows.
- Confluence of Support: XLM is bouncing off a zone supported by the 200-day MA, point of control (POC), and channel trendline.
- Volume Behavior: Declining volume at support often precedes an influx, which could propel price upward.
XLM’s technical structure is favoring the bulls following a confirmed bullish retest of the $0.20 level, a resistance that had suppressed price since Q2 of 2022. This high-timeframe breakout is significant. Not only has the level held as support throughout 2025, but it also aligns with a broader market shift in sentiment.
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Author: Aziz Zamani
