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Stellar Breaks Downtrend, Resistance at $0.4150 in Focus
Stellar [XLM] surged 10% in the last 24 hours, driven by bullish technical signals and historical seasonality favoring upside movement. At the time of writing, XLM traded at $0.4001, with daily trading volume up 130% to $499 million, according to data from CoinMarketCap.
This sudden spike has reignited interest among traders, with many eyeing higher price levels if current resistance is cleared.
October’s Strong Track Record Supports Bullish Bias
October has historically been a favorable month for crypto markets—and Stellar appears to be following that pattern. According to on-chain analytics platform Lookonchain, the overall crypto market has posted October gains in 10 of the past 12 years, with only 2014 and 2018 seeing negative returns.
Given this seasonal strength, sentiment around XLM has turned more optimistic.
Experts Eye Breakout Targets Between $0.50 and $0.56
The recent price action also coincided with a technical breakout that analysts say could lead to a mid-term rally.
Crypto analyst AltCryptoTalk noted:
“XLM broke out of a falling wedge on the daily chart. A successful retest could trigger a 60%–70% rally.”
Another market watcher pointed to $0.50 as the next major upside target, emphasizing it as a key level to monitor following the breakout. On the other hand, analyst CW warned of resistance just below that mark:
“There’s a heavy sell wall around $0.445. If that’s cleared, price could run toward $0.56.”
Key Levels and Indicators: What to Watch
Technical analysis from AMBCrypto indicates that XLM has ended its prolonged downtrend that began on July 18th, opening the door for further gains.
At press time, $0.4090 remains a key resistance zone, with $0.4150 marked as a critical daily close level. A confirmed breakout above this could pave the way for a 25% rally toward $0.5150.
However, not all indicators signal clear skies ahead. The Supertrend indicator is still flashing red, indicating continued bearish pressure above current levels. Additionally, the Average Directional Index (ADX) stands at 18, below the 25 level generally considered necessary for confirming strong trend momentum.
Liquidation Levels Hint at Market Sensitivity
According to derivatives data from CoinGlass, XLM’s key liquidation levels are currently sitting at $0.3809 on the lower side and $0.4129 on the upper end. These zones are likely to attract volatility, especially if the price attempts to break above near-term resistance.
