- Stellar (XLM) surged 75% in a week but now trades around $0.46.
- Analysts see the pullback as a possible entry point for buyers.
Stellar (XLM) recently delivered an impressive 75% gain in just one week, catching the attention of crypto investors across the board. After peaking around $0.52, the altcoin is now trading near $0.46 — just below the psychological barrier of $0.50 — where traders see a potential re-entry point.
XLM Pulls Back After Major Breakout
The surge began at $0.216 and ran up to $0.516 before a mild correction brought prices down to the current $0.46 zone. Despite this dip, Stellar remains in a bullish pattern, with traders closely watching for signs of support holding at $0.45.
This area is considered a strong demand zone, and analysts believe the correction could open the door for new buyers. Key technical indicators, including the Chaikin Money Flow (CMF) and the Accumulation/Distribution (A/D) indicator, continue to show robust demand despite the price pullback.
Technicals Still Favor an Uptrend
Stellar’s bullish structure remains intact. XLM is still trading well above its key moving averages, while momentum indicators like the RSI remain above 50 — signaling that the asset has strength without being overbought.
Stochastic oscillators show healthy cyclical movement, suggesting the current dip is part of a broader trend rather than a reversal. The price action also aligns with breakout signals and higher volume, supporting the idea of continued growth.
Stellar Follows a Bullish Altcoin Market
Stellar’s recent growth has come amid a broader altcoin rally. Ethereum has broken above $3,000 and Bitcoin holds firm above $118,000 — boosting confidence across the board. Using Elliott Wave analysis, XLM’s long-term trend of higher lows suggests more upside could follow.
With the current price hovering around $0.46, analysts believe the $0.45 zone could offer a strategic buying opportunity before another move upward.
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