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- SuperTrend flip marks XLM’s first bullish signal since August 25.
- Whale futures orders and rising Open Interest support breakout potential.
- Long-heavy market positioning strengthens upside while raising short-term risk.
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Stellar [XLM] shows signs of a potential breakout after flipping bullish on the SuperTrend indicator for the first time since August 25. At press time, XLM traded at $0.375, down 1.2% on the day, but technical signals suggest momentum is tilting toward buyers. After weeks of sideways consolidation, traders are now watching key derivatives metrics to confirm whether the altcoin can sustain an upward trajectory.
Whales Leading the Charge?
Recent data shows that large whale orders dominate XLM’s futures market, with the Futures Average Order Size indicating significant accumulation. Whale activity often guides market sentiment, prompting retail traders to follow cautiously. The uptick in oversized orders suggests confidence from major market players, potentially setting the stage for upward momentum. If whales maintain their positions, their influence could continue shaping XLM’s price path in the near term.
Open Interest Signals Growing Speculative Appetite
Stellar’s derivatives market is seeing renewed enthusiasm as Open Interest (OI) climbs 9.21% to $343.77 million. This increase indicates traders are opening new contracts rather than closing existing ones, reinforcing expectations of a breakout. However, higher OI also raises the risk of heightened volatility during liquidations. Combined with the bullish SuperTrend flip, this growth strengthens the case for sustained upside, signaling that momentum may continue if traders remain confident.
Long Positions Dominate Market Sentiment
The Binance Long/Short Ratio shows 59.04% of accounts are long, compared to 40.96% short, highlighting optimism among retail and institutional participants. While this bullish tilt supports further gains, it also introduces the risk of sharp corrections if XLM fails to maintain near-term support levels. Aggressive long positioning suggests the market is betting on continued upward movement but leaves little room for downside surprises.
All signals—from the SuperTrend flip and whale-driven futures orders to rising OI and long-heavy positioning—point to a rally in progress. Stellar appears well-positioned for a potential breakout, provided it holds above critical support levels and maintains momentum. Traders should monitor confirmation signals closely to gauge whether XLM’s bullish run can be sustained over the coming sessions.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Stellar (XLM) Price Eyes Bullish Breakout as Chart Targets $1 Rally
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