Stellar's XLM token jumped 13.31% to $0.17 on Tuesday, recovering from a key support level at $0.15 that held steady over the past week. The move pushed the cryptocurrency into bullish territory, with technical indicators and trader positioning both pointing to further upside — at least for now.
Rebound from $0.15 support
The $0.15 mark acted as a floor for XLM, preventing a deeper slide. Once the price bounced off that level, buying pressure accelerated, driving the token to $0.17. That kind of bounce from a well-tested support zone often signals that traders see the area as a bargain, and the market responded accordingly.
Key resistance at $0.18
The immediate hurdle is $0.18. If XLM can break through and hold above that level, technical analysis points to a potential target of $0.20. That would mark a roughly 18% gain from the current price. But the setup is fragile. A failure at $0.18 would reverse the upward momentum, likely sending the token back toward the $0.15 support zone. Traders will be watching that line closely — it's the difference between a continued rally and a reset.
For now, the market is in a waiting game. XLM has the bullish signals, but it hasn't cleared the resistance that matters most.
