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TronWeekly

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Stellar Bulls Target Explosive $0.63, Will Momentum Sustain This Rally?

  • Stellar (XLM) is trading at $0.4335, above the 50- and 200-day EMAs, signaling a macro bullish reversal.
  • Volume surged 276% to $2.23 billion, with futures open interest hitting $281 million, confirming strong market conviction.
  • XLM eyes a $0.63 target after clearing patterns, with a potential breakout possibly leading towards $1.29 long-term.
  • Technical analysis suggests a retracement to the $0.32–$0.34 range before potential bullish continuation, providing a low-risk entry point for bulls.

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