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- XLM surged 10% with $499M in trading volume.
- Analysts predict a move toward $0.50–$0.56 if resistance breaks.
- October’s strong crypto history boosts bullish sentiment.
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Stellar (XLM) jumped 10% in the last 24 hours, reclaiming the spotlight as traders piled into long positions. At press time, XLM traded at $0.4001 with daily volume up 130% to $499 million, according to CoinMarketCap. The surge comes as October’s historically bullish trend in crypto aligns with technical breakouts pointing to more upside.
October’s Seasonal Strength Lifts Sentiment
Crypto traders have long referred to October as “Uptober” — and data backs it up. Lookonchain reports that in 12 of the last 14 years, October delivered positive returns for the broader crypto market, with only 2014 and 2018 posting losses. If history repeats, XLM could be on track for another green month, with momentum building early in October 2025.
Is it #Pumptober again?
— Lookonchain (@lookonchain) October 1, 2025
Historically, $BTC prices have risen in October for 10 out of the past 12 years. pic.twitter.com/wTXKWKnENT
Analysts Target $0.50–$0.56 Range
Technical analysts remain confident about XLM’s trajectory. AltCryptoTalk noted that XLM recently broke out of a falling wedge pattern, a setup that often precedes major rallies. A successful retest could fuel gains of 60–70%, potentially driving the token toward the $0.50–$0.56 range.
Still, traders must navigate resistance. Analyst CW pointed to a heavy sell wall at $0.445. Breaking through it could open the door to higher levels, with $0.5150 flagged as a critical target.
Technical Indicators Show Mixed Signals
Despite the bullish mood, indicators suggest caution. The Supertrend indicator still flashes red above current price levels, while the ADX sits at 18 — well below the 25 threshold for strong momentum.
Also Read: Stellar (XLM) Surges 9% Amid Rising Volume, Eyes $0.56 Breakout
Liquidation data reinforces the bullish lean, however. CoinGlass shows $8.62 million in long positions stacked near $0.3809 versus $2.68 million in shorts at $0.4129, reflecting strong trader bias for continued upside.
With historical trends favoring gains and analysts eyeing higher levels, XLM enters October with momentum on its side. Yet resistance zones and weak trend strength indicators remind traders that rallies rarely move in straight lines. For now, Stellar sits at a pivotal point: a daily close above $0.4150 could determine whether it heads toward $0.50 or stalls under pressure.
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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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
