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Stellar (XLM) is showing signs of resilience after weeks of consolidation, with the cryptocurrency defending the crucial $0.37 horizontal support level. At the time of writing, XLM trades around $0.36, down 0.56% on the daily charts and 4.2% weekly.
Despite the short-term weakness, analysts suggest that the altcoin’s recent bounce could set the stage for a move toward $0.50 and beyond.
The $0.37 level has historically acted as both resistance and support, making it a decisive zone for future price action. A reclaim above this mark could push XLM toward the long-standing descending resistance near $0.48, with a breakout potentially triggering a stronger rally.
Technical Indicators Signal Mixed Outlook
Market data highlights both caution and opportunity for Stellar traders. Momentum indicators remain balanced, with the Relative Strength Index (RSI) close to neutral at 50 and the Moving Average Convergence Divergence (MACD) slightly above zero.
While these readings suggest indecision, the broader technical setup indicates a potential bullish reversal.
Analysts also observe a developing wedge pattern on the daily chart, which often signals a possible upside breakout. If bulls can sustain momentum and push the price above $0.41, the next targets are between $0.58 and $0.80. Conversely, failing to hold above $0.35 could expose the token to declines toward $0.30 or even $0.21.
XLM's price moving sideways on the daily chart. Source: XLMUSD on Tradingview
Stellar (XLM) Institutional Adoption Fuels Long-Term Optimism
Beyond technical analysis, Stellar’s ecosystem developments are increasing confidence in the project’s long-term outlook.
The Stellar Development Foundation (SDF) recently announced access to over $3 billion in real-world assets (RWA) on its network, with issuers like PayPal, Ondo Finance, and Mercado Bitcoin actively involved.
The launch of PayPal USD (PYUSD) on Stellar has been a key factor in driving adoption, strengthening the network’s role in cross-border payments and asset tokenization. Additionally, expanding partnerships with companies such as Mastercard and MoneyGram demonstrate XLM’s growing institutional presence.
With Bitcoin remaining strong above $112,000 and market sentiment gradually improving after recent volatility, analysts view Stellar as a strong candidate for near-term recovery. If the bullish scenario unfolds, XLM’s next key milestone could be a breakout above $0.50, paving the way for a broader rally.
Cover image from ChatGPT, XLMUSD chart from Tradingview
