Stellar's recovery has gained strength as buyers defend multiple support levels rather than waiting for a single sharp breakout. The altcoin fell to $0.170 on September 9, forming a series of higher lows that set the stage for subsequent advances.
After an initial breakout to $0.198 on September 14, XLM pulled back to $0.177 by September 15. Buyers regained control and drove the price from $0.183 through $0.213 by September 21, before dropping to approximately $0.200 and then rebounding.
A consolidation range formed between $0.205 and $0.225, allowing the moving averages to recover. XLM broke through $0.228 on September 28, eventually reaching a high of $0.234 before pulling back to close at $0.2301.
Current Technical Setup
At the time of reporting, XLM was trading at $0.2290, up 7.28% over the previous 24 hours. The 20-day exponential moving average remains above major EMAs, supporting the broader recovery structure. The Relative Strength Index stood at 62.21, though lower momentum readings than previously observed suggest a mild bearish divergence.
Key Support and Resistance Levels
The $0.225 level represents the critical support zone for buyers to defend. A hold at this level would strengthen the case that prior resistance has turned into support, keeping the $0.234 high within reach. A recovery above $0.230 would reinforce this scenario.
Conversely, a decisive break below $0.220 would signal that buyers are failing to protect the breakout, increasing the risk of a deeper retracement toward lower support levels at $0.205–$0.210.
