XLM Soars 85%—Breaking Downtrend With Eyes on $1.50 Target

Stellar's XLM just pulled off a textbook breakout—surging 85% as bulls smash through resistance. The rally puts the altcoin on track for a potential $1.50 retest, leaving skeptics scrambling.

Technical Takeaway

After weeks of consolidation, XLM's chart flipped bullish overnight. The move echoes 2021's parabolic runs—back when 'fundamentals' were just an afterthought to hype.

Market Mechanics

Liquidity flooded in as shorts got squeezed. Traders now watch for a close above the 200-day MA—a level that's crushed rallies before. Meanwhile, Bitcoin maximalists mutter about 'low-cap gambles.'

Price Targets

$1.50 is the obvious next stop if momentum holds. Beyond that? Let's see if the 'institutional adoption' narrative holds up better than last cycle's abandoned projects.

Closing Shot

Another day, another altcoin defying gravity. Just remember—what Wall Street calls 'volatility,' crypto calls 'Tuesday.'

However, with the RSI currently deep in overbought territory (above 86), some consolidation or pullback near the $0.52 resistance zone is likely before any further upside. If bulls manage to defend the breakout zone around $0.33–$0.36 as new support, it WOULD reinforce the bullish case for these higher extension targets in the medium term.

XLM price’s explosive rally appears to be driven by a mix of rising investor interest, ecosystem growth, and increased on-chain activity. Most notably, the network has seen a sharp rise in stablecoin supply, which surged to a record $647 million in mid-June — up from just $44 million earlier this year, according to DeFiLlama. The spike in stablecoin volume has been accompanied by a surge in futures open interest, which climbed to $345 million — the highest since January.