Stellar (XLM) recorded a slight increase of 0.85% over the last 24 hours to reach approximately 0.251 at a time when the alternative currency market is experiencing a clear stagnation. Despite the modest performance compared to other assets, the movement of XLM seems to be driven by internal factors more than being part of a general wave.
📊 Market Indicators:
• Trading volume increased by about 19% above its weekly average ➜ suggesting quiet accumulation.
• Price fluctuated between 0.2492 – 0.251 before returning to 0.2502.
• The absence of strong catalysts has made the level 0.25 a balance point between buyers and sellers.
🔎 Brief technical analysis of XLM
📌 Main support: 0.2500
• Multiple tests have maintained this level.
📌 Current resistance: 0.2578
• The rise stopped there previously with high trading activity.
📈 Price action:
• A narrow sideways range with a difference of about 3.2%.
• Gradually forming lower peaks.
⚠ Possible scenarios:
• Breaking 0.250 ⇒ could lead to additional selling pressure.
• Staying above 0.25 ⇒ maintains the chance of continued upward movement and the possibility of a forthcoming breakout.
📌 Summary
XLM is currently moving in a state of balance between supply and demand, and with rising trading without a clear price impulse, the market seems to be in a consolidation phase waiting for a strong signal to determine the next direction.
