- XLM has maintained a price above $0.28 to confirm key support as the market prepares for the next Elliott Wave-v advance.
- The corrective phase of the Wave-iv appears complete at approximately $0.185, possibly indicating a higher local bottom at the peak of the 0.618 Fibonacci retracement zone.
- If price strength can hold above $0.28, we could establish a strong bullish continuation toward $0.355, $0.414, and perhaps even $1.13 sometime during the next bullish advance.
Stellar (XLM) has regained stability in the wake of a recent market correction and large withdrawals from exchanges are evidence of accumulating investors that are growing increasingly confident of a long-term recovery.
Market Structure and Key Technical Levels
According to market analyst Man of Bitcoin, XLM has likely completed its wave-iv correction during the recent downturn. The asset established support near the 0.618 Fibonacci retracement zone around $0.185, which frequently serves as a reversal area. At present, price action returns to $0.31, which keeps the outlook positive but cautious.
The key support at $0.28 is the line in the sand separating an extended bullish move from outright bearish price action. Staying above the line would provide room for additional bulls, keeping the pair in play for a push into higher ranges, while a move lower than $0.28 would put XLM back in a position for more downside targets at $0.27 and potentially $0.25.
If price can confirm a hold above resistance, that would set the stage for the next bullish impulsive move up in wave-v. There is key resistance at or around $0.355 and again at or around $0.414, and a successful breakout of those levels and resistance, price has a legit chance of breaking higher towards the $0.78-$1.13 ranges.
Investor Behavior and Exchange Movements
In a separate observation, Steph_iscrypto reported that 240 million XLM tokens were withdrawn from Binance over the past two months. This marks the largest exchange outflow for Stellar since 2024. The movement indicates that holders are transferring tokens to private wallets, suggesting ongoing accumulation outside centralized platforms.
Such withdrawals often point to investor preference for long-term storage over short-term trading. Reduced exchange reserves typically ease immediate selling pressure, which can help maintain price stability when combined with positive technical positioning.
This accumulation phase aligns with the current technical structure, where buyers appear to be reinforcing support near the $0.28 mark. The combination of on-chain movement and chart behavior may provide stability during periods of broader market uncertainty.
Outlook for Stellar’s Price Action
As XLM maintains its position above key thresholds, market sentiment remains cautiously optimistic. The asset’s alignment with the Elliott Wave framework signals a potential setup for the next rally phase.Maintaining prices above $0.28 may confirm the end of the corrective phase and the onset of wave-v expansion.
If momentum strengthens nearby $0.355 and $0.414 resistance structures, Stellar may be able to re-establish its bullish path toward higher targets. If earlier weakness materializes below support, focus will likely return to lower levels and longer-term consolidation.
For now, XLM stands at a pivotal juncture, with technical support and investor accumulation shaping its next market direction.
