• Stellar (XLM) gains 9.02% over the past week.
• Price rebounds strongly from $0.38–$0.39 support zone.
• Bulls target a breakout above the $0.41 resistance area.
• Momentum indicators signal room for further upside potential.

Stellar (XLM) is on the way to its upward momentum with an appreciation in its value, mirroring the overall market sentiment. Over the last 24 hours, the token has remained relatively stable, reflecting healthy price consolidation after a week-long rally. XLM has recorded a 9.02% surge over the past seven days, underscoring renewed buying interest from traders and investors.

At the time of writing, Stellar is trading at $0.4041, supported by a 24-hour trading volume of $310.42 million, an increase of 12.35%. Despite the higher trading activity, the market capitalization stands at $12.92 billion, reflecting a minor 1.05% decline.

Also Read: Stellar (XLM) Rockets Toward $8 Target as LOAN Protocol Boosts Adoption

XLM Technical Setup Hints at Breakout Possibility

According to crypto analyst Ali, the price structure of Stellar shows clear technical strength. After rebounding sharply from the $0.3800–$0.3900 range, the token is now hovering near the $0.4100 resistance. This rebound demonstrates strong buyer participation and increasing confidence within the market. The recent pattern of higher highs and higher lows suggests the emergence of a sustained bullish trend.

If Stellar manages to close above $0.4100, it could confirm a short-term trend reversal and open a path toward $0.4500. A breakout above the $0.42–$0.45 region might quicken gains in price, affirming the bullish formation emerging on lower timeframes. Experts believe that sustained movement might send the price towards the $0.50 level, which is a 20–25% upside from here.

Indicators Reflect Balanced Market Conditions

Market indicators portray a healthy but upbeat technical picture. The RSI stands at 57.62, which is above its 54.08 moving average, indicating moderate bull pressure while remaining south of the overbought region. This allows for more room on the upside should demand remain on the increase.

Still, the MACD indicator draws a slightly warning picture. The MACD line at 0.00319 has crossed below the signal line at 0.00380, with a histogram of -0.00061. This bear cross is a temporary dip in bullish strength. This, nonetheless, accumulation at major support areas continues to support the short-term bullish bias.

Also Read: Stellar (XLM) Targets $0.50 as Resistance Break Sparks Bullish Outlook