Stellar [XLM] snaps 8-month slide: Will buyers push past $0.34 next?
By: bitcoin ethereum news|2025/05/09 21:15:04
0
Share
XLM surged 10.34% after breaking out of an inverse head and shoulders pattern, setting sights on $0.39. Open Interest rose 24% and Funding Rates flipped positive, confirming growing long exposure among traders. After struggling to make considerable gains on its price charts, Stellar [XLM] is finally waking up. On the daily charts, the altcoin has surged from a local low of $0.258 to a monthly high of $0.305. In fact, as of this writing, XLM traded at $0.3008, posting a 10.34% daily gain. Naturally, this breakout has triggered renewed bullish interest, especially in derivatives. Inasmuch, XLM’s trading volume surged by 214.09%, reaching $362 million. On the Futures market, Stellar’s Open Interest rose 24% to $183.7 million. This price pump has left analysts eyeing a sustained rally. One of them is popular crypto analyst Ali Martinez, who has suggested a potential rally to $0.39, citing an inverse head and shoulder pattern. Source: X According to Martinez, XLM has broken out of an Inverse Head and Shoulders pattern, which often signals a trend reversal. With Stellar retesting $0.24 as support, the right shoulder appears complete. He now projects a rally toward $0.39—provided buyers maintain control. Is Stellar ready to rally? According to AMBCrypto’s analysis, Stellar is experiencing strong upward momentum amidst rising demand. Looking at Stellar’s Relative Strength Index (RSI), it has surged to complete a bullish crossover over the past day. The altcoin’s RSI has risen to 66.45 while its MA remains at 54, signaling a higher buying pressure. Therefore, buyers are currently dominating the market with the total displacement of sellers. Source: TradingView This buying pressure has strengthened the altcoin’s price upward momentum. On top of that, MACD surged to 30.43 after a bullish crossover two days ago, confirming market strength. These buyers have especially dominated the futures market, with Taker Buy dominant in the Futures Taker CVD. This suggests that buyers are mostly getting into the market to take strategic positions, awaiting the next move. On weekly timeframes, sellers are absent as per the futures CVD. Source: CryptoQuant Futures traders go long as sentiment shifts When we look at the Funding Rates Aggregated by Exchange, it has turned positive across all exchanges over the past day. A turn to positive territory indicates a shift in market sentiment, with investors getting into the market to take long positions. Thus, long positions are currently dominating the market. Therefore, the buyers dominating the futures market, as observed above, are mostly going long, reflecting strong bullish sentiment among Stellar buyers. Source: Coinalyze Simply put, Stellar is currently experiencing strong bullish sentiment. The growing bullishness has seen the upward momentum strengthen as buyers retake the market. These conditions position XLM for major gains. If prevailing sentiment holds, Stellar will find the next significant resistance level around $0.34. However, having said that, if short-term holders use this rally to exit breakeven positions, XLM could drop to $0.281 or even $0.25. Still, with momentum and structure on the bulls’ side, the upside case remains strong, at least for now. Source: https://ambcrypto.com/stellar-xlm-snaps-8-month-slide-will-buyers-push-past-0-34-next/
You may also like
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet
Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...
A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?
Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.
340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by
As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.
Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat
Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.
When American giants collectively "defect" from Chinese AI models
Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.
BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"
The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.
Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?
Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet
Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

