Is Stellar (XLM) Ready to Bounce as Support at $0.38 Holds Strong

Stellar holds support near $0.38as it eyes a potential breakout.

The $0.37–$0.39 zone is a major buying area for traders.

Breaking $0.41 resistance is essential for a bullish move forward.

Stellar’s price took a hit but quickly found support, signaling resilience amid market pressure. Investors are keeping a close eye as XLM battles to hold its ground and challenge key resistance. The next move could set the tone—will Stellar break out and rally, or face further setbacks?

Holding the Line at Support

As of press time Stellar (XLM) dropped to about $0.3788, down 4.56% in the last 24 hours. Despite this, the token still shows a solid 5% gain over the past week. Trading volume is steady, sitting around $247 million, which indicates there’s still interest from buyers and sellers alike.

The $0.37 to $0.39 range has become a crucial support zone where buying pressure is stepping in to prevent further declines. The price seems to be bouncing within this area, moving in small ups and downs. This pattern of short retracements shows the market might be preparing for the next move, possibly upward.

The $0.41 Resistance Zone

For XLM to continue moving up it needs to clear the $0.41 resistance, a level that has capped price gains in recent days. If the price breaks above it, bulls have a chance to take control of the path to previous highs.

If Stellar can’t hold its support, the price may drop further. Traders are closely watching these levels to understand what’s next for XLM and whether the market will recover or face more selling pressure.

What’s Next for Stellar?

The price is making higher lows and highs, showing growing bullish momentum as buyers return. The current pause near support shows the market is soaking up selling pressure, waiting patiently before deciding which way to move next. The current pause near support shows the market is soaking up selling pressure, waiting patiently before deciding which way to move next.

XLM is poised to gain more even as the FEDs are expected to cut rates any moment from now. The broader Altcoins market is in a wait and see mode that could send Altcoins to the roof if the FEDs cut rates. XLM is a major Altcoin with a cross border payment use and global adoption for its usability.

In short, Stellar sits at a key point. If it holds above $0.38 and breaks past $0.41, we could see a nice rally soon. But if support cracks, further drops are possible.

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