Stellar News: XLM Holds $0.30 Support as Bulls Target $0.37 Recovery

Markets 2025-11-03 09:41

Stellar News: XLM Holds <img.30 Support as Bulls Target <img.37 Recovery

Stellar Crypto is consolidating near a critical technical threshold, with analysts observing mounting pressure at the $0.30 zone.

A rebound from this support could mark the beginning of a new upward phase if momentum strengthens above resistance.

Highlights Show $0.30 as Critical Support

In a recent X post, analyst Ali identified $0.30 as a decisive support level for the asset, marking the lower boundary of a descending channel that has guided the token’s price action since August. According to Ali, this zone has repeatedly acted as a buffer for buyers, sparking temporary rebounds while curbing further declines.

Stellar News: XLM Holds <img.30 Support as Bulls Target <img.37 Recovery

Source: X

The chart also indicates ongoing consolidation near this support, implying reduced selling pressure and early signs of accumulation. Should this level fail, however, the coin could slide toward $0.29 or even $0.23, highlighting the importance of sustained strength at current prices. For now, the balance between buyers and sellers continues to define short-term momentum as the market awaits confirmation of direction.

Market Data Shows Steady Price Action Around $0.30

Data from BraveNewCoin shows Stellar trading at $0.30, reflecting a flat 0.00% change over the past 24 hours. The token’s market capitalization stands at $9.74 billion, supported by a 24-hour trading volume of $106.65 million and a circulating supply of 32.04 billion tokens.

Stellar News: XLM Holds <img.30 Support as Bulls Target <img.37 Recovery

Source: BraveNewCoin

The muted price activity underscores ongoing indecision, with participants cautiously watching whether the coin can maintain stability around its current floor. Market indicators suggest low volatility, yet the underlying liquidity profile remains firm, a potential foundation for a rebound toward $0.33, followed by the $0.37 resistance area outlined by Ali. Maintaining this base could help reinforce sentiment ahead of any major directional shift.

Long-Term Upside if Momentum Holds Above $0.18

At the time of writing, analyst ChartNerd emphasized that Stellar’s structure above $0.18 remains a long-term bullish signal, potentially paving the way for a broader move between $2 and $8 in the coming cycles. While such projections extend beyond immediate timeframes, they align with the multi-year ascending support highlighted in recent technical charts.

Stellar News: XLM Holds <img.30 Support as Bulls Target <img.37 Recovery

Source: X

On TradingView, the crypto’s broader setup reflects a reaccumulation phase above historical trendlines, with price currently testing its multi-year resistance and 100-month moving average. The coin’s technical position suggests that holding the $0.30–$0.33 corridor is crucial for validating recovery potential. If buyers reclaim $0.37, the coin could re-enter a growth trajectory reminiscent of prior cycle expansions, whereas a breakdown below $0.29 may invalidate this structure.

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This content is for informational purposes only and does not constitute investment advice.

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