Stellar (XLM) is showing early signs of recovery, with network activity surging and prices rising more than 8%, approaching $0.718. Daily active users have jumped to nearly 114,000, and open interest has climbed to $178 million, indicating increased market participation. Despite this potential strength and positive sentiment driven by partnerships, the price remains below the key resistance level of $0.20. A confirmed breakout above this level is needed to shift the bearish outlook, while failure to do so could lead to prices retesting the support zone at $0.16.
Stellar (XLM) is showing early signs of recovery, with network activity surging and prices rising more than 8%, approaching $0.718. Daily active users have jumped to nearly 114,000, and open interest has climbed to $178 million, indicating increased market participation. Despite this potential strength and positive sentiment driven by partnerships, the price remains below the key resistance level of $0.20. A confirmed breakout above this level is needed to shift the bearish outlook, while failure to do so could lead to prices retesting the support zone at $0.16.