What to Know:
- XLM broke above $0.41 resistance, eyeing $0.48–$0.56 targets.
- Bitcoin.com Wallet integration brings millions of new users.
- Grayscale files for Stellar ETF, boosting institutional interest.
In a fresh turn of events, Stellar (XLM) is showing signs of renewed life. After breaking above a long-held trendline, and backed by historical patterns and new developments, the outlook is tilting bullish.
XLM Trendline Break
Over the past weeks, XLM had been caught under a descending trendline, a price ceiling many charts drew connecting past highs. That trendline acted as resistance, preventing rallies from running free. But now:
Today, XLM broke above the $0.41 resistance that echoed that long-term trendline. This breakout suggests a possible trend reversal, with analysts eyeing targets in the $0.48–$0.56 zone. Reports say that Stellar’s TVL has gone up a lot in the last few months, which means that more people are using it and investors are more confident. Some analysts point out that even though the price was down earlier, the underlying activity in the network has strengthened.
History as a Tailwind
Stellar has seen interesting patterns in October across years, which some in the market interpret as favorable. According to the analysis, XLM tends to see upticks this month, and that boosts confidence among traders who believe seasonal or psychological effects play a role.
When you combine this historical angle with the current technical break, it gives more reason for hope: the kind of alignment (trend + history) many traders like to see before placing a bet.
Bitcoin.com Wallet Integration
Yesterday, Stellar got a boost in visibility when Bitcoin.com Wallet announced support for it. This step is big for a few reasons: Millions of users gain easy access to Stellar’s network, enabling payments, transfers, and movement into DeFi tools. This kind of integration can increase use, which in turn can support demand for XLM.
As adoption grows, it becomes harder to dismiss Stellar’s network merely as a side project. In markets, adoption often lags technical price action. So when both line up, they tend to reinforce each other.
Grayscale’s Move
Also today, Grayscale filed to convert its Stellar Lumens Trust to an ETF. The Trust already provides exposure for investors who don’t want to hold XLM directly.
This matters because an ETF is a more familiar, regulated vehicle for many investors, making it easier for large funds, pension plans, or even everyday investors to allocate to XLM. If approval comes through, it could usher in fresh capital inflows. It also signals confidence from serious players: Grayscale wouldn’t push forward unless they believed the timing or structure might work.
Price Action & The Short-Term Picture
Over the past 7 days, XLM has jumped 14.9%, showing that this isn’t just a small blip; momentum may already be building. Having broken above $0.41, the path to $0.48–$0.56 comes into view as a possible target. But it won’t be smooth sailing: traders will watch whether XLM holds above its breakout zone and avoid slipping below key supports. If buyers stay aggressive, those higher zones may indeed be tested. Still, markets are never guaranteed. False breakouts or pullbacks can happen.
Bottom Line
Stellar is riding a wave of momentum. The trendline break is a technical sign that things are going well, and patterns from the past in October give us even more confidence. Also, things happening in the real world, like wallet support and ETF filings, make the bullish case even stronger.
If XLM can stay above its breakout zone and get money from both institutional and retail investors, it could very well challenge the $0.48 to $0.56 range in the next few weeks.
