XLM Price Rally Watch: Stellar Nears $9.05B Market Cap After Bullish Breakout

Stellar [XLM], which has been down 65% since November 2024, has finally emerged from its prolonged bearish channel. Due to this breakout, the XLM price rally has experienced a noteworthy increase, rising 8.5% in a single day to $0.2933. With a total of $228.15 million, trading volumes rose 18.64%, indicating increased market involvement. Additionally, 65.37% of the top Binance traders had long positions, demonstrating confidence in the XLM bullish trend. As XLM hovers above critical Stellar price support levels, the market anticipates whether the asset can maintain momentum and challenge the next major XLM resistance level.

XLM Price Rally Gains Momentum with Bullish Metrics

The recent Stellar price rally is backed by strong on-chain metrics and a significant shift in trader sentiment. Data from Coinglass shows that the Binance XLMUSDT Long/Short ratio has surged to 1.89, with 65.37% of top traders favoring long positions. This signals a clear Stellar bullish trend and growing confidence in the asset’s near-term trajectory. Additionally, $6.37 million worth of long positions are concentrated near key XLM price support around $0.2558. Outflows from exchanges totaling $1.19 million further suggest accumulation pressure, indicating a reduced selling risk and potential strength in sustaining the XLM price rally.

Chart 1 – Binance XLMUSDT Long/Short (Accounts), published on Coinglass, April 26, 2025

Critical Levels and Liquidation Maps Point to an Extended Stellar Price Rally

The XLM Exchange Liquidation Map reveals important clues about the ongoing XLM price rally. A significant cluster of leveraged long positions is located near the XLM price support at $0.2558, while resistance is forming at around $0.295. Approximately $6.37 million in long positions and $1.63 million in shorts are at risk near these critical levels, highlighting a delicate balance.

Chart 2 – XLM Exchange Liquidation Map, published on Coinglass, April 26, 2025

Technical analysis supports the bullish view, as XLM successfully broke above the descending channel pattern. If the XLM price holds steady above $0.275, historical behavior suggests a possible 30% climb toward the $0.375 XLM resistance level. Traders are closely monitoring the support and resistance structure to validate the longevity of the Stellar bullish trend.

Chart 3 – XLM/USD live price, published on TradingView, April 26, 2025

Technical Breakout Confirms Bullish Setup

The breakout from the multi-month descending channel has solidified confidence in the ongoing Stellar price rally. Daily candlestick closure above the key channel resistance reinforces the bullish market structure. Spot inflow and outflow data, paired with strong derivative activity, align with this technical setup. A prolonged advance above $0.295 may pave the way for additional increases, although keeping levels above $0.26 is still essential to maintain the XLM price support. If overall crypto conditions continue to be favorable, this combination of technical and on-chain signs suggests a long-lasting XLM bullish trend.

What’s Next: Is XLM Price Breakout Coming? 

The current goal of the XLM price increase is a clear breakthrough above the $0.295 resistance level. If this level is successfully broken, a 30% upside could be possible, validating the next target at $0.375. The bullish structure could be in jeopardy, though, if the crucial Stellar price support around about $0.26 is not defended. Investors will be watching closely to see if the positive trend in XLM holds up over the next several sessions. Stellar may establish itself as one of the best-performing altcoins in early 2025 if bullish sentiment persists, particularly as confidence about XLM’s ability to maintain higher market capitalization levels, currently at $9.05 billion with a fully diluted valuation (FDV) of $14.66 billion.

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