Can Stellar [XLM] hit $0.60? Assessing key levels

• At press time, merchants had been over-leveraged at $0.339 on the decrease facet and $0.361 on the higher facet.
• XLM’s Open Curiosity (OI) had surged by 18% prior to now 24 hours.

Stellar [XLM] gave the impression to be gaining consideration from merchants and buyers as a consequence of its spectacular efficiency over the previous 24 hours.

The potential purpose for XLM’s robust efficiency immediately could possibly be its worth motion and help from merchants.

At press time, XLM was buying and selling close to $0.355 after a worth rally of over 8.5% prior to now 24 hours. The asset’s buying and selling quantity highlighted elevated curiosity from buyers and merchants, because it jumped by 55%.

XLM technical evaluation and upcoming ranges 

In accordance with AMBCrypto’s technical evaluation, XLM had shaped a descending triangle sample on the each day timeframe. The worth seems poised to breach this sample because it has entered a slim consolidation zone.

Moreover, the altcoin had shaped a bullish pin bar candlestick sample close to the underside of the help degree, signaling a possible worth reversal.

Supply: TradingView

Latest worth motion and historic momentum means that if XLM breaks out of this sample and closes a each day candle above the $0.371 mark, there’s a robust chance it may surge by 62%, reaching the $0.60 degree within the coming days.

At the moment, the asset is buying and selling above the 200 Exponential Shifting Common (EMA) on the each day timeframe, indicating that XLM stays in an uptrend.

Rising OI and main liquidation areas

Information from the on-chain analytics agency Coinglass revealed that XLM’s Open Curiosity (OI) surged by 18% prior to now 24 hours. This confirmed that merchants had been forming new positions, as sentiment round XLM started to shift.

At press time, main liquidation areas had been close to $0.339 on the decrease facet and $0.361 on the higher facet, with merchants over-leveraged at these ranges, per Coinglass.

Supply: Coinglass

Learn Stellar’s [XLM] Worth Prediction 2025–2026

Additionally, merchants appeared to have shaped an equal variety of lengthy and quick positions at these ranges. If the XLM worth strikes to those ranges, $3.12 million price of quick and lengthy positions could possibly be liquidated.

Thus, sentiment for XLM was bullish, however the worth must breach the $0.361 mark to witness vital upside momentum.