XLM Price Holds Key Support — Can Stellar Break $0.50 or Will Bears Drag It to $0.375?

XLM trades near $0.42 inside a wedge, with downside risk toward $0.375 if support breaks.

$0.50 is the major breakout pivot that could open targets at $0.60 and $0.77.

Stellar adoption rises fast, with 9.69M wallets and 5,000+ institutional addresses added daily.

Stellar (XLM) is steady around $0.42 after a sharp dip, with traders split. Bulls are watching for a break above $0.50 toward $0.77, while bears warn of a slide to $0.375.

Bearish Wedge Keeps Pressure on Price

On the short-term 10-minute chart, XLM has formed a rising wedge after sliding from above $0.47 to $0.416, according to data from Ali Charts. The structure shows higher lows but flat highs, creating a tightening pattern with limited room left before resolution.

Price has tested $0.432 resistance several times but failed to break through, suggesting weakening momentum. As the wedge nears its apex, volatility is dropping. A breakdown from this setup could push XLM under $0.41 support, with projected targets extending toward $0.375.

The absence of strong volume adds to the uncertainty. With repeated failed rallies and smaller candles near resistance, buyer confidence looks weak. Sellers continue to control the short-term trend unless a breakout occurs ..

Institutional Activity Boosts Long-Term Bullish Case

Despite near-term caution, Stellar’s adoption growth remains strong. Joe Swanson highlighted that XLM has reached 9.69 million enterprise wallets with over $150 million total value locked (TVL). Institutional activity continues to accelerate, with more than 5,000 new enterprise addresses added daily.

This surge in participation reflects deeper institutional interest in the Stellar ecosystem. Scopuly’s recent report also confirmed consistent buying pressure around $0.42, even during pullbacks. This shows large players are accumulating, building a strong foundation for future gains.

Analysts note that the real trigger lies at the $0.50 resistance. A breakout above this barrier could open the door to $0.60 and later $0.77, levels that have drawn attention as potential bullish targets.

Outlook: Bulls and Bears Meet at $0.50

The $0.50 zone remains the dividing line. A successful move above it would signal strength and likely attract more buyers, while failure to clear the level risks keeping XLM capped between $0.41 and $0.50.

For now, Stellar balances between a bearish wedge on lower timeframes and strong adoption fundamentals on the bigger picture. The next decisive move will depend on how the market reacts around $0.50.

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