The Stellar Lumens (XLM) token is making waves this week, soaring to $0.4045—its highest price since February. The rally comes as futures open interest skyrocketed to $345 million, signaling strong demand.
Why Is XLM Surging?
✅ 72% rebound from June’s low of $0.2187
✅ Futures open interest at highest since January ($345M vs. $135M in June)
✅ Stablecoin supply hits record $627M (though $446M is from Franklin Onchain)
✅ Active addresses up 13%, transactions up 16% in a week
Technical Analysis: Bullish Double Bottom Pattern
XLM’s price action shows a classic double-bottom pattern, with:
- Neckline at $0.3331
- Target of $0.45 (20% upside from current levels)
If the pattern holds, we could see XLM test $0.45 soon. Alternatively, a retest of $0.3331 could offer a new entry point before another push upward.
What’s Driving the Rally?
- Growing DeFi Activity – Stablecoin adoption on Stellar is rising.
- Increased Liquidity – Futures market participation suggests institutional interest.
- Network Activity – More transactions and active wallets indicate real usage.
What’s Next for XLM?
- Bullish Scenario: Break above $0.45 could target $0.50+
- Consolidation Scenario: Retest of $0.33 before continuing upward
With strong fundamentals and technicals, Stellar’s rally might just be getting started.
