Stellar (XLM) has pulled back after a strong September rally where it gained nearly 26% before the momentum weakened near $0.23 to $0.24. It is currently trading at $0.22, raising speculation about whether this consolidation can support another move higher. The weekly chart shows XLM forming a long-term symmetrical triangle, while the derivatives are also rising. Therefore, a breakout above $0.25 could put $0.30 in focus, but the XLM price is required to clear resistance and sustain buying pressure.
The XLM price is trading within a large symmetrical triangle on the weekly chart. The upper trendline has capped several rallies since the 2025 peak. The lower trendline has provided support during the recent recovery, and these two lines are now moving close to each other. Currently, the price is testing the $0.22 to $0.24 resistance zone, which combines horizontal resistance with the descending trend line. Hence, a weekly close above the range could strengthen the bullish setup.
The volume profile shows significant trading activity around the current price range, making the $0.20 to $0.22 region important for the next price action. Volume has increased during recent price recoveries, where a stronger volume expansion would add confirmation to any breakout. Besides, the open interest has climbed toward $209 million, and the rise shows increasing participation in XLM futures as price approaches resistance.
The XLM price is approaching a key decisive zone near $0.22 after months of consolidation inside a symmetrical triangle. A weekly breakout above this range could put $0.27 in focus first, followed by $0.30 as the main upside target. If the momentum strengthens further, $0.35 could become the next resistance area. However, failure to clear the current range could send the Stellar price toward $0.20 to $0.16. For October, the $0.25 breakout zone remains the key level that could determine XLM’s next move.
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