XLM shows signs of renewed buying after testing key support near $0.36
Stellar (XLM) has rebounded strongly from its recent lows, posting a sharp recovery after revisiting the critical demand zone around $0.36. The move comes amid growing institutional activity in the digital payments sector, driving renewed optimism around Stellar’s cross-border transaction utility.
The XLM/USDT chart indicates that the token successfully defended its green support region between $0.34 and $0.36, a level that has historically attracted long-term buyers. Following a brief period of consolidation, XLM climbed toward $0.39, suggesting that short-term momentum is shifting in favor of bulls.
The rebound follows a steep decline over recent weeks, during which the token fell from the $0.42–$0.48 resistance zone, marked by the red and orange bands on the chart. The decline was accompanied by high volume, hinting at capitulation by weak hands, while the subsequent bounce appears driven by strategic accumulation at lower levels.
“Stellar has held its structural base well despite broader market volatility,” According to BITX technical analysts. “The recovery above $0.38 is a constructive signal — a sustained close over $0.40 could open the door to a retest of $0.43 in the near term.”
Institutional adoption remains a central narrative supporting XLM’s momentum. Reports of renewed interest from financial platforms leveraging Stellar’s blockchain for settlement and remittance solutions have fueled optimism. Analysts say this underlying demand could help the asset maintain resilience even if Bitcoin (BTC) and Ethereum (ETH) face near-term corrections.
Another trader commented, “While XLM remains below major resistance, it’s forming a pattern of higher lows — a sign that accumulation is underway.”
Still, traders remain cautious. Failure to maintain above $0.38 could lead to another test of the $0.35 support zone, while breaking above $0.41 would confirm bullish continuation.
In the broader context, XLM’s rebound reflects growing confidence in blockchain payment networks, as investors seek stability and utility amid a volatile crypto environment.
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.