• Stellar is currently trading at $0.3593 with $11.46 billion market cap and $169.69 million 24-hour volume.
• XLM pulls back to 0.618 Fibonacci at $0.35, targeting $0.65, possibly breaking $1.
• Bollinger Bands show $0.3519–$0.3810 range; $0.35 remains critical support for potential rebound.

Stellar (XLM) is hovering near a critical support area as its price is oscillating around $0.3593. With slight losses in the past 24 hours and mixed technical signals, the cryptocurrency stands at a junction that will determine if it recovers higher or slides down further.

Today, Stellar is trading at $0.3593, exhibiting a mild 0.64% fall over the last 24 hours. The coin also has a $11.46 billion market capitalization and a $169.69 million 24-hour trade volume, along with a 0.30% market dominance.

Stellar Pulls Back Targets $1 Breakout

A recent analysis from analyst CryptoPulse revealed Stellar’s return to the golden 0.618 Fibonacci area, and it was a source of optimism for investors. The correction positions XLM in the $0.35 region,  where market participants are beginning to consider new entry opportunities.

According to the post, a rapid reversal of the market pivot is unlikely, this Fibonacci retracement zone is a historically significant accumulation zone. A $0.65 conservative bullish target is being awaited for traders, but the report highlights the high chance of the XLM crossing the $1 psychological barrier in the subsequent bullish move.

Stellar’s price movement remains closely aligned with the sentiment of the broader market, but this technical setup suggests rising momentum should propel XLM on a longer bull run.

Also Read | Stellar (XLM) Price Analysis: Cup and Handle Pattern Hints at $0.63 Breakout

Crucial Make-or-Break Level Lies at $0.35

Furthermore, TradingView data indicates Stellar’s precarious spot in the Bollinger Bands. Currently, the price of XLM hovers at $0.3611, pinned between the basis line of $0.3810 and the lower band of $0.3519. 

Another indicator, the Chaikin Money Flow (CMF), stands at 0.03, showing moderate purchasing. But the strength is still not convincing enough to confirm healthy accumulation.

Technical charts spot $0.35 as a make-it-or-break-it point. A drop below this point can accelerate downward pressure, driving the coin further downward. A hold here, on the other hand, can trigger a rebound and create a path to the $0.42–$0.50 region in the short term.

The following sessions are decisive for Stellar. Whether it comes down through support or prepares for a move upward, investors are closely observing price action at this crossroads. For now, XLM remains in a fragile balance, awaiting confirmation of its next move.

Also Read | Stellar (XLM) Targets $0.43: Is a Break Toward Its $0.93 ATH Possible?