Stellar (XLM) surges 30% in days, eyes $0.681 resistance

Stellar (XLM) has experienced a significant surge in price, climbing nearly 30% in just a few days. This rally has drawn considerable attention across the crypto market, with technical indicators suggesting further upside potential. The token is currently preparing for a run toward key resistance at $0.681. A breakout from this level could trigger a larger move toward the $1.29 area, according to analysts tracking XLM. This momentum shift could mark the beginning of a trend reversal, with long-term targets potentially reaching $2.50 and $8.66.

Chart analyst Javon Marks noted that XLM’s recent uptrend may still have room to run. Surpassing the critical resistance level near $0.681 could unlock a path toward a 102% price climb, with $1.291819 as the next major target. The chart displays a bullish pattern forming since early 2023, with higher lows suggesting a shift from the previous downtrend. Price movement has accelerated sharply, backed by increasing volume, a sign of strong buyer interest.

Technical data shows Stellar reversed course after a long decline that began in 2021. By March 2023, a higher low formed, signaling a possible trend change. Since then, price action has followed an ascending pattern, supported by healthy corrections. ChartNerd also pointed to a major breakout in late 2024 when XLM surged fivefold. After the rally, prices pulled back to the monthly 20 EMA around $0.22. This was described as a bullish retest that may support a continuation toward long-term targets at $2.50 and $8.66.

Stellar’s recent trading data reflects this shift in sentiment. The 24-hour volume hit over $746 million, with a 12.88% jump in the last day and 36.65% over the past week. This volume surge supports the argument that investors are returning. If momentum holds, the next challenge lies in pushing past $0.681 and confirming the reversal. If XLM breaks its current resistance and holds above it, analysts believe the market may revisit former highs. With technical support intact and buying pressure increasing, XLM could resume its recovery phase.

Current patterns suggest the crypto asset is reestablishing strength. If bullish conditions persist, further price expansion toward $1.29 and even higher levels remains on the table. The recent surge in Stellar’s price, coupled with strong technical indicators and increasing investor interest, positions the token for potential significant gains in the near future.