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 surged to nearly 114,000, and open interest has climbed to $178 million, indicating increasing market participation. Despite this potential strength and positive sentiment driven by partnerships, prices remain below the key resistance level of $0.20. A confirmed breakout through this level is needed to shift the bearish pattern, while failure to do so could lead to prices retesting the support area 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 surged to nearly 114,000, and open interest has climbed to $178 million, indicating increasing market participation. Despite this potential strength and positive sentiment driven by partnerships, prices remain below the key resistance level of $0.20. A confirmed breakout through this level is needed to shift the bearish pattern, while failure to do so could lead to prices retesting the support area at $0.16.