XLM price eyes $0.35 after reclaiming major support with rising investor interest
Stellar’s native token, XLM, has shown renewed strength after reclaiming a critical support area near $0.27, registering a modest 0.97% daily gain. The move came alongside a noticeable surge in trading volume, hinting that buyers are gradually regaining control despite broader market uncertainty.
On the daily chart, XLM has broken out of its recent descending pattern, forming a short-term bullish structure supported by heavy buying activity. The chart highlights key support at $0.25–$0.27 and resistance between $0.33–$0.35, with technical momentum suggesting potential for a continuation toward the upper zone.
“The volume profile indicates strong accumulation in the lower range, which typically precedes a short-term relief rally,” said one BitXJournal technical analyst observing market flows.
The broader crypto market has been consolidating as investors weigh Bitcoin’s dominance near 61% against capital rotation trends into select mid-cap assets. In this environment, XLM’s resilience stands out. Market data shows increased on-chain transaction activity, which may be linked to renewed institutional testing of cross-border payment utilities powered by the Stellar network.
Still, BitXJournal analysts remain cautious. “If Stellar fails to hold above $0.27 on a daily closing basis, the next strong demand zone sits around $0.22,” another expert noted, emphasizing the importance of maintaining current volume strength for any sustainable upside.
A clean breakout above $0.35 could shift momentum decisively bullish, opening room for a push toward the $0.40–$0.42 region tested in August. Conversely, rejection from the resistance band could lead to another retest of the green support area visible on the chart.
As of publication, XLM trades at $0.277, outperforming many altcoins this week. With liquidity building and sentiment stabilizing, Stellar’s structure suggests it may be entering a consolidation-before-continuation phase—a pattern often preceding stronger directional moves.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.