XLM's impressive 92% gain over the past week highlights a strong bullish trend, with significant trading volume indicating heightened investor interest.
Stellar (XLM) experienced a notable 12% increase in the last 24 hours, trading around $0.48, and a remarkable 92% gain over the past week. Trading volume surged to $14 billion, up 17%. The previous resistance zone of $0.31 to $0.37 has become a solid support level. While spot trading volume is up, derivatives trading volume decreased by 2.25% to $3.80 billion, though Open Interest rose by 29% to $496 million. Analysts note that XLM has maintained a trend of higher lows for nine consecutive years, indicating potential for further gains despite the current overbought RSI level of 89. Traders remain cautious of potential pullbacks, particularly toward the $0.35–$0.38 zone, while monitoring on-chain signals for profit-taking opportunities.