XLM, the native asset of the Stellar network, is showing a more balanced outlook after a months-long correction period. Although the price remains significantly below previous peaks, technical indicators indicate that selling pressure has weakened and buyers continue to defend important support zones.
Higher lows stand out in the technical outlook
Market analyst Javon Marks stated that the higher bottom structure must continue for the upward trend in XLM to be maintained. According to Marks, if this structure is maintained, a strong break may occur and the price may rise to $0.681. This level indicates the possibility of an increase of over 294 percent over current regions.
Javon Marks evaluates that the XLM price must continue to produce higher lows to maintain its upward structure, and in this scenario, the $ 0.681 level may technically come to the fore.
On the XLM/USDT monthly chart, a wave-like structure seen in previous cycles stands out. In the past, long periods of decline were followed by accumulation phases and then sharp rises. In the current chart, the round bottom structure formed after the 2025 peaks is interpreted as the sellers starting to lose their influence and the buyers gradually returning.
Although the price is still below the downtrend line, it is considered that if this line is exceeded, there may be a movement area between 0.68 and 0.70 dollars. In the broader bullish scenario, the $1.20 to $1.25 band is also watched as the target area.
Support levels and wave analysis
Trend Serra Capital also laid out a similar technical framework. Within the scope of Elliott Wave Analysis, the institution stated that XLM may have reached the final stage of Lower Wave 2, and if the support is maintained, Wave 3 process may begin.
Mini dictionary: Elliott Wave Analysis is a technical analysis approach that argues that price movements progress in repeating waves depending on investor psychology. Fibonacci levels are based on ratios used to determine possible support and resistance areas.
In the analysis, the $0.139 level stands out as the main support. It is considered critical that the price does not fall below this level in order to maintain the upward structure. On the other hand, exceeding $0.30 is watched as a development that could confirm the possibility of a stronger trend reversal.
The $0.204, 0.186 and $0.164 levels stand out as intermediate support areas. While these areas are thought to attract new purchases, falling below $0.139 may weaken the bullish expectation.
On-chain data and ecosystem growth
The technical outlook is also supported by on-chain data. The number of daily active addresses on the network is around 51,500. This data shows that although market performance remains weak, user activity has not stopped completely and regular interaction on the network continues.
Observer Vijay noted the growth in real-world assets in the Stellar ecosystem. Total assets on the network have increased from $760 million to $3.35 billion over the last five quarters. It is stated that tokenized treasury products, credit instruments, gold and stablecoins are effective in this increase. Stellar is known as a blockchain network focused on cross-border payments and asset tokenization.
