Stellar (XLM) Targets $0.75 Amid Bullish Momentum & Investor Market Interest

Stellar (XLM) is facing a bearish 2.56%, due to the Bitcoin price downturn. Speculatores commented that XLM is ready for a breakout, as per technical sentiment. XLM price rose 8.56% over the past week, which proves investors have an interest in the market.

At the time of writing, XLM changed hands from $0.45 resistance line to $0.43. Its market volume remains in the green line, reflecting 45.76% to $538,934,014.98, indicating a bullish market moment in the upcoming. However, XLM’s market cap just rocketed from $400M to $13.64 billion this August.

Stellar $XLM Set Targets To $0.75

A well-known crypto analyst, Ali, said $0.75 is a significant level for XLM. He revealed that if XLM breaks the bullish flag pattern, then the next target is $0.75.

This resistance has been hard to break, and if it goes above it, then it price confirms a rise. Regular traders watch this level closely because breaking it will almost certainly cause a lot of buying.

The breakout confirms buyers are in control, and momentum is returning after the short consolidation. If the breakout happened with high trading volume, it adds strength to the move and makes the $0.75 target more likely.

Stellar Derivatives Suggests Continued Growth

Stellar (XLM) is moving upward, with trading volume rising 29.35%, showing strong market activity. Open interest fell slightly by 7.82% to $363.49 million, but the overall market remains strong.

Despite the open interest decline, the OI-weighted rate of Stellar stands at $0.2700 level, which means a market bullish bet. If XLM maintains the breakout, it is ready to jump a $0.75 resistance level.