Stellar Price News 2030: XLM Stabilizes as Open Interest Recovers From Weekly Lows
XLM price is stabilizing and showing recovery momentum after a sharp selloff, supported by rebounding open interest and increased spot participation.Summary
Stellar (XLM) is exhibiting a recovery phase following a significant selloff that pushed its price into the $0.23–$0.24 range. Buyers aggressively stepped in on December 2, driving the price back toward $0.255–$0.26 with expanding candles suggesting confident buying. Aggregated open interest (OI), which had dropped to 64.1M, has cautiously begun to recover, indicating leverage is returning slowly without aggressive long positioning. For momentum to continue, XLM must hold above $0.25. Currently, XLM is listed at $0.26, marking a 9.03% gain in 24 hours, with the market cap at $8.23B and trading volume at $171M. Technical indicators show improving momentum; the daily MACD histogram has turned green, suggesting a shift from bearishness, and the Chaikin Money Flow (CMF) is moving toward neutral territory around -0.02, signaling slowing capital outflows. Sustained volume is needed for XLM to challenge resistance around $0.27–$0.28.
(Source：Brave New Coin)