Is XLM Setting Up for Its Next Leg Up? Key Levels Point to $0.30

TLDR:

• XLM forms an ascending triangle on the 4H chart as rising lows keep pressure on the $0.2608 resistance.
  

• Price reclaimed the 100 MA at $0.2481, strengthening support as traders monitor the $0.2575–$0.2608 zone.
  

• Pattern structure signals a potential move toward $0.3016 if XLM confirms a breakout and clean retest.
  

• Wirex’s stablecoin card settlement boosts real Stellar adoption, reinforcing usage during key market levels.

Stellar XLM is drawing renewed attention as traders assess whether the asset is preparing for its next leg up. 

Market strength across major cryptocurrencies has added support, and XLM has responded with steady upward movement. The asset is now approaching levels that could determine whether a broader continuation phase develops on the chart.

XLM’s recent structure has aligned with improving activity in the network’s payments ecosystem. 

This mix of technical and adoption-based momentum is shaping current sentiment as the market evaluates whether the price could move toward the $0.30 region.

Is XLM Setting Up for Its Next Leg Up?

A market update from Scopuly noted that XLM is forming an ascending triangle on the 4H chart. 

This pattern is watched closely because rising lows suggest firm buyer interest as price approaches the upper boundary. 

The resistance near $0.2608 has held several times, yet each pullback has created a higher base. This structure often emerges when buyers prepare for a breakout attempt.

The move back above the 100 MA after a dip toward $0.2390 added momentum. Scopuly mentioned that the moving average at $0.2481 now acts as reclaimed support. 

This level is important because it shows where buyers are defending short swings. If the price remains above this zone, it may keep pressure on the resistance cluster between $0.2575–$0.2608.

The measured move of the pattern points toward $0.3016 if the breakout is confirmed with a close and retest. 

Traders continue to watch the ceiling carefully because only a decisive move above it would open the path toward the $0.30 target. Until that confirmation, price action may include short bursts of volatility as the market reacts to broader conditions.

Growing Adoption Adds Steady Support

Ecosystem growth also remains part of the current discussion. Analyst Zain Haider pointed out that Wirex has activated stablecoin-based card settlement on Stellar. 

This feature delivers faster and low-cost transactions to a large user base. It also introduces a practical payment route that aligns with the network’s long-term goals.

This development adds steady usage at a time when traders are focusing on key chart levels. 

Real payment integrations often attract attention because they build activity beyond market speculation. As more users interact with the network, it supports deeper liquidity and consistent transaction flow.

These updates arrive as XLM approaches a technical zone that may shape its next move. 

With resistance still guiding near-term direction and adoption expanding in parallel, traders are monitoring whether the market can clear the $0.2608 boundary and make a push toward $0.30.

The post Is XLM Setting Up for Its Next Leg Up? Key Levels Point to $0.30 appeared first on Blockonomi.

Source: https://blockonomi.com/is-xlm-setting-up-for-its-next-leg-up-key-levels-point-to-0-30/