Stellar (XLM) Price Looks Promising: Next Leg Up Is Loading - Here Are the Key Levels

Stellar price is attracting more attention as traders start to sense something big might be around the corner. After a volatile week in the crypto market

Stellar's price has been a hot topic among crypto traders, especially with the broader market showing some signs of fatigue after a rapid bull run.

As the Stellar price manages to hold its ground despite a weak week for crypto prices, traders are starting to sense that something big might be around the corner.

After a stellar performance that saw it rally more than 100% from its 2023 low, the XLM price is testing the strength of its gains.

While it did see a 3.49% decline on Saturday, from a session high of around $0.297 to about $0.281 by 10:00 ET, there’s another angle to consider.

Stellar Saw A Huge Volume Spike

As Scopuly, an analyst on X, pointed out, Stellar (XLM) reached a weekend high of around $0.297 before easing back down to about $0.281. That’s a 3.49% dip, but what stands out more is the rising trading activity.

XLM saw a massive 88.8% spike in trading volume, jumping to $270 million. That kind of volume increase suggests traders are actively watching and positioning themselves, even as price consolidates.

Another analyst, Ali, focused on the $0.28 zone, which is crucial for Stellar. He believes that if XLM can hold this support, it could signal a rebound instead of a further drop.

His analysis aligns with the broader market action. Buyers have been stepping in near $0.27, and so far, they’ve managed to keep Stellar from falling further. This level lines up closely with the 50-day simple moving average (SMA) at $0.266, adding extra strength to the current support zone.

Where Could The Stellar Price Be Headed Next?

According to Scopuly, if the Stellar price stays above $0.27, it could clear the way for a strong bounce. The next levels to watch on the upside are $0.323, which is the 200-day SMA, and $0.334, the high from May 12.

These are not just technical targets; they are also psychological markers that could trigger more bullish momentum if breached.

Right now, there are no immediate signs of panic in the XLM market. Instead, this looks like a consolidation phase, a pause before the next move. The broader altcoin market is also showing some signs of life again, which could support Stellar’s upward potential.

In short, the XLM price is holding steady in a zone that matters. As long as it doesn’t slip below the key support range, the next push higher might not be far away. Traders are watching closely, and the momentum is quietly building.