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Stellar (XLM): Whale quietly accumulates, price heading towards 0.5 USD
Stellar (XLM) has finally broken the silence with a new bullish signal, igniting optimism for the altcoin market. After weeks of sideways trading in a narrow range, the SuperTrend indicator has officially shifted to a bullish trend for the first time since late August, according to trader Ali Martinez's analysis.
Currently, XLM is facing strong resistance at the level of 0.386 USD – a price range that selling pressure has repeatedly prevented a breakout in the past few weeks. The bullish reversal occurs after this coin establishes a crucial support level at 0.363 USD, creating a more stable accumulation base.
The trading volume around this support zone is also steadily increasing, indicating strong market participation. This leads investors to believe that this is not just a short-term “technical bounce”, but could open up a sustainable bullish trend if this momentum is maintained.
Turning point for a new bullish cycle?
The stability of the entire crypto market in recent times has created a favorable environment for altcoins to gradually regain their growth momentum. Among them, XLM is becoming the center of attention with clear recovery signals.
On-chain data shows the emergence of accumulation patterns at strategic support areas, a sign often associated with stealth buying activities from “whales”. The participation of this large investor group reinforces the belief that a new breakout of XLM is gradually taking shape.
On a technical level, the main indicators also offer positive prospects. The MACD indicator has moved into positive territory, indicating that market momentum is improving. At the same time, the RSI remains around the neutral level of 48, creating space for XLM to continue growing without facing overbought risks – an important factor for sustainable upward momentum.
On the contrary, if the effort to break the resistance fails, XLM may retreat below 0.37 USD, while allowing the bears to regain control in the short term.
Lilly