Stellar (XLM) is showing signs of a strong recovery after enduring a sharp market-wide sell-off on April 10. The digital currency climbed 1.58 percent in the past 24 hours, reaching $0.2368 and recording its highest level in that period.
XLM’s rise follows a rebound from a 24-hour low of $0.2251, a move that has sparked renewed interest among traders. XLM rises during a period when the total crypto market capitalization decreased by 1.05 percent to reach $2.57 trillion.
Stellar trading volume has experienced a considerable rise as nearly $180 million worth of transactions were recorded. The rising trading volume demonstrates increasing investor keenness while XLM seeks to pass through the $0.25 resistance barrier.
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The $0.25 mark has proven to be a major hurdle in recent days. The Stellar price experienced a previous rise above $0.25 until it dropped substantially which created a bearish pattern and pointed toward a possible on-chain death cross.
Source: Tradingview
Despite that, the current rebound shows that XLM has not only survived the intense market pressure but is also attempting to reclaim lost ground. The asset is now working to recover from a 10.76 percent loss recorded over the past week.
XLM Builds Momentum After Key Reversal, Prepares for Resistance Test
Stellar’s latest movement is in line with wider market behavior, especially its historical trends in the second quarter. As a payment-focused digital asset, its transaction activity typically increases during recovery phases, supporting short-term rallies.
XLM experiences a transformation in market sentiment by entering a phase of considered optimism. While the crypto market remains sensitive to Bitcoin’s price action, Stellar’s performance is gaining strength from improving trading patterns and technical support.
A price move beyond $0.25 would create favorable conditions for Stellar to maintain an uptrend. The market observes with attention to determine if this current upward momentum will establish sustained growth beyond its current range.
Conclusion
XLM’s current trajectory signals a critical phase in its price recovery. A successful breach of resistance could confirm a breakout, positioning the coin for further gains.
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