Stellar price is attracting more attention as traders start to sense something big might be around the corner. After a volatile week in the crypto market, XLM is managing to hold its ground. Stellar is showing a quiet kind of strength, which could be the foundation for a new leg up.
According to Scopuly an analyst on X, Stellar (XLM) reached a weekend high of around $0.297 before easing back down to about $0.281. That’s a 3.49% dip, but what stands out more is the rising trading activity. XLM saw a massive 88.8% spike in trading volume, jumping to $270 million. That kind of volume increase suggests traders are actively watching and positioning themselves, even as price consolidates.
Ali, another analyst on X, pointed out that the $0.28 zone is crucial for Stellar. He believes that if XLM can hold this support, it could signal a rebound instead of a further drop.
The market seems to agree with him. Buyers have been stepping in near $0.27, and so far, they’ve managed to keep Stellar from falling further. This level lines up closely with the 50-day simple moving average (SMA) at $0.266, which adds extra strength to the current support zone.
Where the Stellar Price Could Be Headed
According to Scopuly, if Stellar price stays above $0.27, it could clear the way for a strong bounce. The next levels to watch are $0.323, which is the 200-day SMA, and $0.334, the high from May 12. These are not just technical targets, they are also psychological markers that could trigger more bullish momentum if breached.
Read Also: AI Predicts: What Will 2,000 Stellar (XLM) Tokens Be Worth by End of 2025?
Right now, there are no signs of panic in the XLM market. Instead, this looks like a consolidation phase, a pause before the next move. The broader altcoin market is also showing some signs of life again, which could support Stellar’s upward potential.
In short, the XLM price is holding steady in a zone that matters. As long as it doesn’t slip below the key support range, the next push higher might not be far away. Traders are watching closely, and the momentum is quietly building.
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