XLM Defends $0.36 Support as Buyers Step Back In
Stellar Lumens (XLM) has staged a rebound after retesting its critical support zone near $0.36, signaling renewed buying interest at a level that has historically acted as a demand base. The move comes after a period of extended selling pressure, which pushed XLM down from its recent peak above $0.50.
On the daily chart, XLM found support around the $0.34–$0.36 region, an area where buyers previously defended aggressively in March. This zone coincides with a strong demand block, making it a pivotal level for maintaining the token’s short-term bullish structure.
The rebound occurred after XLM slipped from the $0.43 and $0.47 resistance levels, marked by repeated rejections. Despite the retracement, the fact that buyers protected the $0.36 zone suggests ongoing accumulation.
If momentum continues, the next upside targets for Stellar Lumens lie near $0.43 and $0.47, with a potential breakout opening the path toward the psychological $0.50 level. Conversely, a failure to hold above $0.36 could expose the market to a deeper correction toward $0.30 support.
“The $0.36 level is proving to be a strong technical base for Stellar,” According to BITX analyst . “As long as the price holds above this area, bulls remain in control, with room for another push toward the mid-$0.40 range.”
XLM’s recent bounce underscores the importance of the $0.36 demand zone, where buyers are actively defending against further declines. While upside resistance levels remain a challenge, the current rebound has improved short-term sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.