Foreign media analysis suggests that Stellar's token XLM has strengthened for three consecutive days, rising to as high as $0.299 intraday with significantly increased trading volume. After a brief surge, the price has retreated from its intraday high, and the price action is beginning to show signs of consolidation.
The article mentions that XLM has recently seen a cumulative increase of approximately 80%, outperforming Bitcoin over the past two days. In the past 24 hours, XLM has risen again by about 22.85%, while Bitcoin has weakened during the same period, indicating that short-term funds are flowing into some altcoins.
Market data also shows that XLM's market capitalization has risen to approximately $8.45 billion. The report links this surge to the news of the collaboration between DTCC and Stellar, suggesting that this development boosted market sentiment. However, from a technical perspective, XLM has not yet fully escaped a larger correction range.
The $0.33 to $0.35 range remains a resistance level.
The article argues that XLM is currently constrained by a long-term downtrend line that has been suppressing rebounds since the beginning of 2025. The $0.33 to $0.35 range remains the main resistance zone, with trendline resistance also present near $0.30 to $0.33.
Meanwhile, the recent price rebound from the low accumulation zone indicates that buying pressure at lower levels remains. If a breakout from this range is not achieved, the short-term trend is more likely to be sideways consolidation rather than a direct continuation of the upward trend.
Short-term support is seen at $0.15 to $0.16.
- Near-term support: $0.15 to $0.16
- Trendline resistance: $0.30 to $0.33
- Key resistance: $0.33 to $0.35
According to the analysis in the article, if the price falls below $0.15 again, the recent rebound structure will weaken significantly. Only if it can rise above $0.35 will the upward trend be more likely to be further confirmed.
Indicator repair still pending confirmation
The article also mentions that the MACD indicator has recovered after a prolonged period of weakness, with the histogram turning positive. This suggests a slight rebound in short-term momentum, but whether it can drive a new round of gains still depends on whether the price can break through the upper resistance zone.
