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- XLM once again defended the critical $0.23 support region, triggering a clean rebound.
- A new 38% projection pattern mirrors previous strong rallies from the same level.
- Technical history suggests increasing probability of another short-term upward move.
Stellar (XLM) is attracting renewed attention this week as its price once again defended the critical $0.23 support zone, triggering a fresh upward reaction that mirrors several historic rebound phases. The cryptocurrency’s latest bounce—showing a clean 38% technical setup—suggests that traders may be witnessing the early stages of another short-term rally.
Support Zone at $0.23 Continues to Prove Its Strength
The $0.23 region has repeatedly acted as a powerful demand zone throughout the year. Each time XLM returned to this level, buyers stepped in aggressively, launching notable upside moves. Previous rebounds from this same area delivered 32%, 53% and an exceptional 138% rallies—giving this zone a well-defined technical identity.
$XLM just tapped the same $0.22–$0.20 zone that triggered 32%, 53%, and 138% rallies in the past.
— Crypto Patel (@CryptoPatel) November 24, 2025
If this area holds again, the next move could be big.@StellarOrg #XLM pic.twitter.com/3xPNz1YL35
This week, XLM dipped to $0.2292, tapped the support block, and immediately reversed toward $0.2467, confirming that the market still views this price band as a value area. The chart again shows a wide green support rectangle—an area historically linked to bullish shifts and strong accumulation activity.
Historical Chart Structure Suggests a Familiar Pattern
A multi-month view of the chart reveals how consistent the reaction has been. Each major rebound began exactly where the current move is forming. The market structure shows a clear transition from downward pressure into bullish momentum whenever XLM touches the horizontal base.
The recurring pattern is now drawing close attention from technical analysts. With supply weakening each time XLM returns to this block, the region has become a structural anchor in the coin’s price cycle. Traders are increasingly watching for the characteristic strong candle that typically follows these touches—just as it has again this week.
Also Read: Stellar (XLM) Poised for Parabolic Move as Wyckoff Pattern Repeats
A New 38% Setup Takes Shape Above the Support Block
The latest surge has produced a 38.72% projection bar, nearly identical to previous rebounds that sparked multi-week rallies. XLM currently trades slightly above the support’s lower boundary with no visible breakdown pressure, strengthening expectations that buyers may continue pushing price higher.
The key question now: Will this fourth rebound from the $0.23 zone launch another short-term rally toward higher resistance levels? Market history suggests that probability is leaning in the bulls’ favor.
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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
