bullish

Stellar

would

Cap Finance

XLM price has surged over 85% in a week and could push toward $1 and $1.50 if bullish momentum continues.
Stellar (<a href="https://crypto.news/price/stellar/" rel="noopener noreferrer nofollow">XLM</a>) price exploded over 80% in the past week, breaking out of the descending channel that had constrained the price action since December last year. The breakout above the channel’s upper trendline occurred around the $0.26 level and coincided with a <a href="https://crypto.news/heres-why-stellars-xlm-price-has-gone-parabolic/" rel="noopener noreferrer nofollow">bullish double bottom pattern</a>, with lows near $0.23 and a neckline at approximately $0.33. Since clearing that neckline, <a href="https://crypto.news/top-5-cryptocurrencies-this-week/" rel="noopener noreferrer nofollow">XLM price</a> has rallied over 85%, exceeding the measured move target from the double bottom ($0.45) and confirming a strong bullish reversal.
The XLM price is now edging closer to the key resistance set by the January peak at $0.52, which aligns with the 0.236 Fibonacci retracement level from the previous macro swing high. A clean break above this zone could open the path toward the 1.618 Fibonacci extension near $1 if bullish momentum continues. Sustained buying pressure beyond that could ultimately propel XLM price toward the 2.618 extension at approximately $1.50, marking a full trend expansion from the prior cycle low.
<figure class="wp-block-image size-full">
 <img loading="lazy" width="2692" height="1666" src="https://crypto.news/app/uploads/2025/07/XLMUSDT_2025-07-14_14-47-36.png" alt="XLM price rockets 85% after downtrend breakout, targets $1.50 - 18">
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 Source: <a href="https://www.tradingview.com/chart/skYOuuO6/?symbol=BINANCE%3AXLMUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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However, with the RSI currently deep in overbought territory (above 86), some consolidation or pullback near the $0.52 resistance zone is likely before any further upside. If bulls manage to defend the breakout zone around $0.33–$0.36 as new support, it would reinforce the bullish case for these higher extension targets in the medium term.
XLM price’s explosive rally appears to be driven by a mix of rising investor interest, ecosystem growth, and increased on-chain activity. Most notably, the network has seen a sharp rise in <a href="https://crypto.news/tag/stablecoin" rel="noopener noreferrer nofollow">stablecoin</a> supply, which surged to a record $647 million in mid-June — up from just $44 million earlier this year, according to <a href="https://defillama.com/stablecoins/Stellar" target="_blank" rel="noopener noreferrer nofollow">DeFiLlama</a>.&nbsp;The spike in stablecoin volume has been accompanied by a surge in futures open interest, which climbed to $345 million — the highest since January.
<figure class="wp-block-image size-full">
 <img loading="lazy" width="1550" height="824" src="https://crypto.news/app/uploads/2025/07/Screenshot-2025-07-14-at-3.14.06 PM.png" alt="XLM price rockets 85% after downtrend breakout, targets $1.50 - 19">
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 Source: Total&nbsp;Stellar Stablecoins Market Cap | <a href="https://defillama.com/stablecoins/Stellar" target="_blank" rel="noopener noreferrer nofollow">DeFiLlama</a>
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XLM price rockets 85% after downtrend breakout, targets $1.50

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Other articles published on Jul 14, 2025

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