Here’s why Stellar’s October history fuels bullish bets on XLM
**Stellar (XLM) Price Surges 10% Amid Bullish Momentum and Technical Breakouts**
Stellar (XLM) has seen a notable price increase, jumping 10% to $0.4001 with trading volume up 130%, breaking a falling wedge pattern. This breakout has sparked bullish calls targeting the $0.50 mark.
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### Why Is Stellar’s Price Gaining?
Over the past 24 hours, XLM surged 10%, driven by renewed bullish sentiment and key technical breakouts that attracted traders back into long positions. At the time of writing, XLM was trading at $0.4001, with daily volume soaring to $499 million, according to CoinMarketCap.
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### October’s Strong Historical Performance Gives Bulls an Edge
This price jump coincided with the historically strong performance of October in crypto markets. Data from Lookonchain reveals that over the last 12 years, the crypto market has recorded gains in October 10 times, with only two years—2014 and 2018—showing negative returns. Based on this trend, XLM appears well-positioned to post positive gains in October 2025.
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### Analysts Eye $0.50 to $0.56 Range
Several experts on X (formerly Twitter) have shared bullish forecasts strengthening XLM’s outlook:
– AltCryptoTalk noted that XLM broke out of a falling wedge pattern on the daily chart. A successful retest could fuel a 60% to 70% rally in the mid-term.
– Another analyst highlighted that the $0.50 level is now clearly within reach following the breakout.
– Additionally, a crypto expert marked $0.50 as the next key selling target after this breakout.
– Conversely, analyst CW pointed out a heavy sell wall at $0.445. If this resistance is surpassed, the price could surge toward $0.56.
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### XLM Price Action and Key Technical Levels to Watch
AMBCrypto’s technical review indicates that XLM has ended its prolonged downtrend since July 18, opening the door for a potential upside move. However, the altcoin still faces resistance near $0.4090.
The $0.4150 level is crucial—clearing this on a daily close could unlock a 25% rally toward the $0.5150 target.
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### Caution Advised as Indicators Show Mixed Signals
Despite the bullish momentum, some indicators suggest caution:
– The Supertrend indicator remains bearish, flashing red above the current price.
– The Average Directional Index (ADX) stands at 18, below the 25 threshold that signals strong trend momentum.
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### Market Sentiment and Liquidation Levels
Market data from CoinGlass shows major liquidation levels for XLM at $0.3809 on the downside and $0.4129 on the upside. Traders have built $8.62 million in long positions against $2.68 million in shorts around these levels, reinforcing a market bias toward bullish continuation.
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**Summary:** Stellar’s recent breakout and growing volume have fueled optimism among traders and analysts, pointing toward $0.50 and potentially $0.56 as key targets. However, resistance levels and mixed technical signals advise caution in the near term. As October historically favors the bulls, many are watching closely to see if XLM continues its upward trajectory.
https://ambcrypto.com/heres-why-stellars-october-history-fuels-bullish-bets-on-xlm
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