The post XLM crypto price targets $0.32 after trend break — more upside ahead? appeared on BitcoinEthereumNews.com.

Stellar’s current price has broken its multi-month downtrend with a sharp rally from support. A short-term pullback is likely before targeting the $0.32 high time frame resistance zone. Stellar (XLM) has decisively broken out of a long-standing bearish trend characterized by lower highs and lower lows. After an extended period of compression and downside pressure, price action has turned impulsive, launching a sharp rally directly into a technical resistance zone. This marks a structural shift in the XLM market and signals that bulls have regained control. While a short-term pullback may be due, the breakout above dynamic resistance and key volume levels supports a bullish continuation structure. Key technical points Breakout from Bearish Structure: Multiple higher closes above dynamic resistance. Support Confirmed at $0.22: Value area low and swing low acted as reversal zone. Next Target at $0.32: Value area high and 0.618 Fib acting as short-term resistance, with potential for further upside. XLMUSDT (1D) Chart, Source: TradingView After months of persistent bearish price action, XLM has reversed course. The key signal came with a breakout above the descending trendline that had capped price for much of the downtrend. This move was confirmed by multiple candle closes above the trendline, followed by a strong bullish impulse. The rally originated from the $0.22 support area, a critical zone marked by both the value area low and a previous swing low, further validating it as a key reversal region. Price has now entered a technical resistance confluence that includes the value area high of the current range and the 0.618 Fibonacci retracement from the previous swing high. While this zone is likely to create short-term friction, a modest pullback would be both expected and healthy, allowing momentum indicators to reset ahead of a potential breakout. The point of control (POC), already reclaimed…

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Filed under: News - @ July 10, 2025 12:20 am