Stellar Lumens (XLM) Gains Momentum Amid Bullish Technical Structure

Stellar Lumens (XLM) remains in a defined bullish structure, with price action forming a series of higher highs and higher lows. The cryptocurrency has maintained above the point of control, a key pivot in the range, which is reinforcing the case for continuation. Technical indicators suggest that the $0.50 value area high is the next critical level to monitor, with potential for extension beyond if buyers maintain control [1].

The $0.39 level has emerged as a crucial support point. It functions as the high time frame level, and as long as it holds on a closing basis, XLM retains the momentum necessary for an upper range push. The price has already reclaimed the value area low, which has shifted market sentiment and positioned XLM for a possible test of the upper boundary of the range [1].

Volume profile data supports the bullish case, with healthy inflows observed during the recent upward movement. In trending environments, such volume behavior is typically a precursor to acceleration moves. This aligns with Market Auction Theory, which posits that sustained acceptance above the point of control often precedes a continuation towards the value area high [1].

From a structural perspective, a successful retest and hold of the $0.39 region could establish another higher low, reinforcing the uptrend and providing a base for a push toward $0.50. The chart indicates that the path of least resistance is upward, and the absence of bearish divergence in the price-volume relationship further supports this view [1].

A clean approach to the value area high would present a decisive test of buyer strength. Acceptance above this level could open the door to a new wave of bullish momentum, while a failure to close above $0.39 may prompt a deeper consolidation phase or even a retesting of lower demand zones [1].

The market remains focused on how XLM behaves around the point of control. If buyers can carry the price into the $0.50 region with conviction, it would validate the bullish thesis and signal the next phase of the uptrend. Conversely, a breakdown below the $0.39 level could delay this scenario and force a reevaluation of the near-term technical outlook [1].

Source: [1] Will Stellar (XLM) Price Climb to $0.50 as Trend Stays Bullish (https://coinmarketcap.com/community/articles/689b6e54a97c730627be02ab/)