XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline
Stellar (XLM) surged more than 14% in the past 24 hours. The move reclaimed the midline of its long-term parallel channel. Price also broke above a key descending trendline. The Layer 1 network is now trading near $0.169 with a market capitalization above $5.6 billion. Multiple charts point to follow-through. X traders are already calling for a path to $0.60 on the weekly timeframe. Four-Hour Chart Breaks Descending Trendline The four-hour XLM chart shows a clean break above a descending trendline. That trendline ran from the April 21 swing high near $0.185. The move came on a sharp volume spike. The largest green candle of the recent range pushed price back above $0.165. XLM 4-hourly chart / Source: TradingView The Relative Strength Index (RSI) reads close to 75. That sits in overbought territory and suggests the rally may be short-term extended. The Moving Average Convergence Divergence (MACD) histogram prints rising green bars. That signals expanding bullish momentum. A pullback into the $0.165 area would give buyers a more measured entry zone. If sellers push the price below the channel midline, the support band at $0.14 to $0.15 becomes the next test. That level previously triggered the current leg of the Stellar rally. Daily Chart Reclaims Channel Midline









