Stellar (XLM) is staging a recovery after recent market-wide volatility, rebounding from a local bottom of $0.2177. Despite broader weakness stemming from Bitcoin’s recent dip, XLM has shown resilience and is now positioned to potentially reverse its downtrend. Technical analysts are eyeing higher targets if current support levels continue to hold.

Key Support Confluence Strengthens Reversal Case

XLM’s weekly chart reveals a notable technical confluence: a long-term ascending trendline intersects with horizontal support just above the recent low.

This area has historically acted as a launchpad for upward moves, making it a critical zone for bullish reversal scenarios. Crypto analyst BitMonty identified this intersection as a key pivot for potential upside.

Accumulation signals have also emerged, with price action consolidating near the support zone, suggesting that investors may be positioning for a breakout. The current price near $0.2464 remains below recent averages, but the formation of this support base gives bullish traders a clear level to defend.

Upside Targets Align With Historical Resistance

If momentum continues to build, analysts point to $0.4122 as the first major resistance level. This mark corresponds to a short-term Fibonacci retracement and prior structure from past rallies. A breakthrough here could pave the way to $0.5262—a historical midpoint that has acted as both resistance and support in previous cycles.

The final bullish target sits at $0.6659, a level that capped upward price action during earlier runs. These targets offer traders distinct zones to monitor in the coming weeks, especially if broader market sentiment continues to improve and altcoins regain traction.

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