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I saw that XLM rebounded quite a bit from those lows of $0.15 it hit recently. Now it's hovering around $0.18 according to CoinMarketCap, with an interesting movement in recent days. Last week it gained about 4%, so it seems there's some bullish activity.
What caught my attention is that the volume increased significantly when it hit those intraday highs. Stellar moves quite a bit along with XRP, so when I see Ripple's price go up, XLM usually follows. Right now, the volume is at $899K over 24 hours, which isn't bad.
Technically speaking, XLM remains below the 50 and 100-day moving averages, so the bears still have control. The RSI is coming out of oversold territory but nothing dramatic. If it manages to break above $0.17 with volume, it could target $0.25 or higher, but if it loses $0.16 support, it could face trouble again.
What worries me is that open interest in futures is quite low compared to past years. Funding rates also suggest there's not much extreme optimism. So although the rebound looks good, caution is needed because the bears are still in the game.