Stellar (XLM) Weekly Analysis: Can Price Shatter Resistance and Hit $0.47?

Stellar's XLM is testing a critical ceiling. The question on every trader's mind: can it finally punch through?

The Weekly Setup

All eyes are on that stubborn resistance level. A clean break above it could trigger the next leg up, with the $0.47 price target coming into sharp focus. The charts are telling a story of consolidation—a coiled spring waiting for a catalyst.

Momentum Check

Volume patterns and key moving averages will dictate the short-term narrative. Is there enough buying pressure to fuel the breakout, or will this turn into another lesson in patience for the bulls? Watch for a decisive close above the weekly high.

The Bigger Picture

Success here isn't just about a number—it's about reclaiming bullish momentum on a higher timeframe. A failure, however, might just add another page to the crypto history books' chapter on 'Resistance That Wouldn't Budge.' Sometimes the market's favorite game is building hope before the classic rug-pull—a timeless tradition in speculative finance.

The stage is set. This week decides if XLM launches toward its target or gets rejected back into the trading range.

Momentum Indicators Reinforce Bearish Bias

The weekly RSI for stellar is currently at about 35, strongly below the centerline at 50, establishing dominance by momentum on the negative side. The RSI is also nearing the oversold region, which strongly indicates a significant sell pressure. This region, at times, experiences a relief rally.

The MACD is still in the negative zone with the MACD below the signal line and increasing red bars in the histogram. This reinforces the trend, with a bearish trend in progress. The momentum remains weak since the trend reversed from the mid-year recovery, showing control by sellers.

Network Adoption Advances Despite Price Weakness

The Republic of the Marshall Islands has rolled out the first-ever blockchain-based universal basic income payment system using a sovereign bond, USDM1, on the Stellar network. Developed in partnership with the Stellar Development Foundation and Crossmint, the ENRA project is now able to provide financial payments directly to its citizens, without using cash.

The world's first onchain disbursement of universal basic income, built on Stellar.

This is what real adoption and impact look like.https://t.co/GlisGzmqmG

USDM1 is a U.S. dollar-denominated bond collateralized with short-term Treasury bills and routed through the Stellar Disbursement Platform into the Lomalo wallets offered in the Crossmint platform. It is reiterated: It is a financial distribution tool, not a currency, designed to provide SAFE and instantaneous transactions, catering to the sparsely populated Marshall Islands.