Stellar’s XLM Price Surge

Stellar’s XLM emerged as one of the best performing coins in the top 50 within the last 24 hours. But could this be a sign that XLM price has found favor with the bulls and is slated to achieve even more upside?

The crypto market is finally cooling off from the latest bearish episode and XLM had the biggest recovery out of the top coins.

It managed to rally by over 14% from the day’s low to its high, extending the bullish momentum that has been brewing since Tuesday.

Recent Price Movement

XLM’s bullish momentum pushed as high as $0.295 in the last 24 hours, a noteworthy premium compared to its $0.267 press time price tag, which resulted from a strong pullback after the price was deeply overbought in the 1-hour chart.


The pullback in the 1-hour chart suggests a heavy focus on short-term profit taking. However, if XLM manages to maintain healthy demand during the weekend, this could signal more bullish recovery down the road.

XLM Price Demand Makes Comeback in Both Spot and Derivatives Market

On-chain data revealed a surge in spot and derivatives activity after the latest support retest, confirming demand build-up. For context, derivatives volumes clocked $420.36 million on Thursday, courtesy of a 140.31% volume uptick during the same session.

XLM open interest surged to $1233.75 million after an 18.46% gain. Spot inflows were up $2.32 million in the last 24 hours.

Although this may have aided in the cryptocurrency’s recent recovery, the spot flows remained relatively weak. Particularly since the previously larger spike on March 2 barely had an impact.


Is This the Start of XLM’s Bullish Swing?

XLM’s bullish performance demonstrated that this coin can still attract significant attention, even while overshadowed by its top peers.

In every bounce back, there is often an unassuming coin that experiences a sizable liquidity injection, and XLM could be it this time.

Another major observation that could offer more clarity on whether XLM will continue attracting liquidity is its ability to hold onto a premium above its lower range from November of last year. It did not lose all the gains achieved along the way up.

A significant number of its top peers have erased all the gains made in Q4 2024, confirming confidence among XLM holders who opted to HODL despite recent market headwinds.

XLM’s bullish attempts highlight its attractiveness to investors. However, this does not guarantee immunity from liquidity rotation or other factors that could suppress price action. The market headwinds are not over yet, and sustained disruption may feed into uncertainty. XLM’s ability to sustain more upside ultimately depends on how the political-economic scene unfolds and whether overall sentiment improves.