Stellar (XLM) Price Prediction: Approaching Key Support Level, Recovery Signals May Trigger Rebound Market

Stellar (XLM) is approaching a key support area after a recent pullback, and the market is starting to show signs of recovery. Derivation data indicates that the financing interest rate has turned positive, suggesting a warming of long positions sentiment; at the same time, Canada's digital bank VersaBank announced that it is testing its tokenization deposit USDVB on the Stellar blockchain, bringing new application scenarios and market follow for XLM. The intertwining of technical and fundamental signals may lay the foundation for the next rebound of XLM.

Interest Rate turns positive Long positions sentiment heats up

(Source: CoinGlass)

According to CoinGlass data, the OI weighted funding rate for XLM turned positive from negative this Wednesday, currently at 0.0071%, indicating that the number of bullish traders has exceeded that of the bears. Historical data shows that when the funding rate turns from negative to positive, the price of XLM often experiences a significant increase.

This change means that long positions are paying funding fees to short positions, reflecting the market's increasing confidence in a price rebound.

VersaBank tokenization deposit plan enhances XLM application value

Fundamentally, the network utilization and acceptance of XLM are increasing. Canadian digital bank VersaBank recently announced that it has launched an internal pilot program for USDVB in the United States. USDVB is the dollar version of the bank's proprietary Digital Deposit Receipt (DDR), with each token representing one dollar deposited at VersaBank USA.

These tokenized deposits will be managed through the bank's digital vault and electronic wallet platform, and issued on the Stellar blockchain alongside Ethereum (ETH) and Algorand (ALGO). VersaBank expects the pilot to be completed by the end of 2025 and to commercialize as soon as possible, a move that is expected to expand the practical application scenarios of XLM.

Technical Analysis: Key Support and Potential Rebound Targets

(Source: Trading View)

Technical charts indicate that XLM fell back after reaching a resistance of 0.45 USD in mid-August, dropping nearly 17% over 14 days. It is currently trading around 0.38 USD, close to the key support area at the ascending trend line and the 50% pullback level of 0.36 USD.

If XLM can hold this area, it is expected to rebound to the daily resistance level of 0.45 USD in the short term. However, the RSI is currently at 42, below the neutral level of 50, indicating that long positions still need further momentum. If it breaks below 0.36 USD, the price may continue to decline to the weekly support level of 0.35 USD.

Conclusion

Stellar (XLM) is at a critical intersection of technical and fundamental factors: the positive financing interest rate, the warming of long positions sentiment, and VersaBank's tokenization deposit plan are bringing potential rebound catalysts for XLM. In the short term, $0.36 will be the core support level for the long-short game, and holding this price may open a new round of upward movement. Investors should closely follow changes in on-chain data and technical indicators to capture potential trading opportunities. For more real-time market data and in-depth analysis, please follow the official Gate platform.