As the broader market begins to recover, Stellar [XLM] has jumped over 8% and opened the door for further gains.
The key factors currently strengthening the asset’s upward momentum appear to be a bullish breakout on both the daily and weekly charts, along with a notable surge in network activity.
Data from CoinMarketCap shows that XLM’s price has jumped over 8.75% in the past 24 hours and was trading at the $0.1805 level at press time.
Not only has the price climbed significantly, but the market has also shown strong interest in the asset, with XLM’s trading volume surging more than 35.25% to $147.58 million during the same period.
Rising volume alongside a growing price suggests that market participants, including traders and investors, may be increasingly interested in the current trend.
Stellar price action eyes 15% rally
On the weekly chart, XLM appears to have broken out of a prolonged descending channel pattern that had been in place since July 2025.
Not only that, but the asset has also broken out of a parallel channel pattern, where the price had been hovering between the $0.148 and $0.1805 levels since February 2026.
Following these breakouts, XLM appears to have opened the door for further gains.
Based on the current price action, both the parallel channel and descending channel breakouts will only be confirmed if XLM closes a weekly and daily candle above the $0.1805 level.
If it does, the asset could see a potential price jump of over 15% and may reach the $0.212 level in the coming days.
However, if the XLM price fails to close a daily or weekly candle above the $0.1805 level, it could fall back into the channel pattern and continue its sideways movement.
Despite the notable price jump, the Relative Strength Index (RSI) stood at 65.27, below the key threshold of 70, indicating that XLM still has enough room to continue its upward momentum in the coming days.
Now that the price has cleared the key resistance, the likelihood of XLM reaching the $0.22 level appears increasingly strong.
On-chain and derivatives data support XLM’s bullish case
In addition to the price action and expert predictions, blockchain analytics platform Chainspect showed that Stellar processed over 12,957,223 transactions on the 20th of April, marking an increase of 2,891,644 from the 10,065,579 recorded on the 24th of March.
This notable surge has pushed XLM’s network transactions to a quarterly high and has further strengthened the asset’s bullish outlook.
Derivative platform CoinGlass has further reinforced this bullish outlook, as intraday traders are eyeing long-leveraged positions.
Data from the XLM exchange liquidation map shows that traders are over-leveraged at $0.1675 on the lower side and $0.1879 on the upper side.
In fact, at these levels, they have built $3.48 million worth of long-leveraged positions and $857.25k worth of short-leveraged positions, indicating that bulls are dominating the asset and anticipating further upside.
Final Summary
- XLM has jumped 8.75%, clearing key daily and weekly hurdles, with price action now eyeing another 15% gain in the coming days.
- Rising network transactions and growing trader interest in long-leveraged positions have strengthened the asset’s bullish outlook.
