XLM Holds $0.34 Floor, Eyes Break Above $0.38 in Cautious Trade
Momentum hinges on a clean break above $0.38 following repeated defenses of the $0.33–$0.35 base.
Overview
- Stellar’s token trades near $0.36, with market capitalization around $11.41 billion and 24‑hour volume about $95.46 million in the latest session.
- The $0.33–$0.35 area, aligning with a 0.618 Fibonacci retracement, has acted as a durable support zone after multiple retests.
- Analysts note that a daily close above $0.38–$0.40 with stronger volume would confirm a breakout and reopen recovery targets in the $0.40–$0.50 range.
- Technical readings show a tight Bollinger Band range (basis ~$0.3810, lower band ~$0.3519) and a CMF near +0.03, signaling faint buying and overall indecision.
- Roughly 31.89 billion XLM are in circulation and the asset sits in the crypto top 20, though near‑term sentiment remains cautious as traders watch the support-resistance standoff.