Altcoins News

Story: Stellar (XLM) Breakout Imminent? 91% Weekly Rally Signals Major Bullish Momentum

By MikeT

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Support Zones Rise, Bullish Wave Formation Strengthens. Stellar’s price surge is backed by technical strength.

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RSI and MACD Confirm Bullish Strength. Technical indicators reinforce the bullish narrative.

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Derivatives Data Shows Surging Market Activity. According to CoinGlass data, Open Interest (OI) in Stellar futures surged 29.36%, reaching $495.

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Nine-Year Trendline Reinforces Long-Term Bullish Setup. Analysts from XForceGlobal have drawn attention to Stellar’s impressive nine-year trend of higher…

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What’s Next for Stellar (XLM)?. Given the current momentum and technical backdrop, a break above the $0.

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Final Thoughts. Stellar (XLM) is no longer flying under the radar. With a 91% weekly gain, explosive trading…

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Stellar (XLM) is making headlines as it becomes one of the top-performing cryptocurrencies this week, posting a stunning 91.39% gain in just seven days. With a daily rise of 18.

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Stellar’s price surge is backed by technical strength. Analysts have confirmed that the key support zone has shifted upward to the $0.314–$0.

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In terms of Elliott Wave structure, analysts suggest that XLM is currently in an extended Wave 3 pattern, known for producing powerful price runs.

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Technical indicators reinforce the bullish narrative. The Relative Strength Index (RSI) has climbed to 89.54, well beyond the typical overbought threshold of 70.

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The MACD (Moving Average Convergence Divergence) also paints a bullish picture. The MACD line is significantly higher than the signal line, creating a strong bullish crossover.

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According to CoinGlass data, Open Interest (OI) in Stellar futures surged 29.36%, reaching $495.90 million, even as volume dropped slightly by 2.27% to $3.81 billion.

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Such spikes in OI typically indicate growing confidence among derivatives traders and an influx of capital betting on continued gains.

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Analysts from XForceGlobal have drawn attention to Stellar’s impressive nine-year trend of higher lows, a rare signal of long-term strength and market resilience.

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If this historical trend continues, analysts predict that XLM could enter a fifth wave or wave C breakout, similar to XRP’s past explosive movements.

The Currency Analytics

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