Stellar (XLM) Turns Bullish, Can the $0.386 Wall Finally Break?

Source Newsbtc

Stellar (XLM) has finally broken its silence with a fresh bullish signal, sparking renewed optimism in the altcoin market. After weeks of sideways trading, the SuperTrend indicator has turned bullish for the first time since late August, according to trader Ali (@ali_charts).

XLM now faces a decisive test at the $0.386 resistance, a level where sellers have repeatedly pushed back in recent weeks.

The bullish reversal came as XLM established support at $0.363, creating a stronger floor for accumulation. With volume steadily increasing around this zone, traders are treating the move as more than just a temporary bounce. If momentum holds, XLM could unlock a major upside move that shifts market sentiment.

What’s Fueling Stellar’s Momentum?

The broader crypto market’s recent stabilization has provided a healthy backdrop for altcoins like Stellar (XLM) to regain traction. Hidden accumulation patterns within key demand zones suggest larger wallets are quietly entering the market, strengthening the bullish case.

On the technical front, the MACD has turned positive, while XLM’s RSI remains neutral at 48, leaving room for further gains without hitting overbought territory.

Analysts note that a clean break above $0.386 could quickly open the door to higher targets at $0.390 and $0.400, with medium-term forecasts eyeing $0.45–$0.48 by October 2025.

Institutional traders are also watching the $0.43 resistance closely. A confirmed breakout above this level could ignite stronger momentum, potentially pushing XLM into a sustained rally toward its 52-week high near $0.50.

Bullish and Bearish Scenarios Ahead

If Stellar manages to break and hold above $0.386, short-term targets sit at $0.41–$0.42, with a stronger push toward $0.45–$0.48 likely in the next 4–6 weeks.

stellar xlm XLMUSD

However, failure at resistance could send XLM back to retest support between $0.38 and $0.383, with a deeper drop toward $0.37 possible if sellers regain control.

For now, XLM trades at $0.384 with a 3.5% intraday gain, reflecting cautious optimism. Traders are closely monitoring volume expansion and momentum indicators as confirmation signals.

With accumulation patterns aligning and market conditions stabilizing, Stellar’s next breakout attempt could decide whether this rally has lasting strength.

Cover image from ChatGPT, XLMUSD chart from Tradingview

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Price Forecast: BitMine's ETH stash surpasses $9 billion amid ETF outflow pressureEthereum (ETH) trades around $4,300 on Monday following mixed sentiment from corporate treasuries and investors in ETH exchange-traded funds (ETFs).
Author  FXStreet
Yesterday 01: 22
Ethereum (ETH) trades around $4,300 on Monday following mixed sentiment from corporate treasuries and investors in ETH exchange-traded funds (ETFs).
placeholder
Gold hits record highs for third straight day as Fed rate cut bets weigh on USDGold (XAU/USD) prolongs its recent record-setting run for the third straight day and climbs beyond the $3,650 level during the Asian session on Tuesday.
Author  FXStreet
21 hours ago
Gold (XAU/USD) prolongs its recent record-setting run for the third straight day and climbs beyond the $3,650 level during the Asian session on Tuesday.
placeholder
AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September ShockBitcoin is currently in a consolidation phase after a strong multi-month uptrend that began in April.
Author  Bitcoinist
21 hours ago
Bitcoin is currently in a consolidation phase after a strong multi-month uptrend that began in April.
placeholder
EUR/USD appreciates against a weaker Dollar with US NFP revisions on tapThe EUR/USD posts marginal gains at 1.1760 following a two-day rally on Tuesday.
Author  FXStreet
19 hours ago
The EUR/USD posts marginal gains at 1.1760 following a two-day rally on Tuesday.
placeholder
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?On Thursday, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI.
Author  TradingKey
18 hours ago
On Thursday, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI.
goTop
quote