XLM Rebounds Strongly: Bullish Wedge Hints at 100%+ Upside Potential

• XLM is rebounding from the $0.22–$0.24 support zone and trading near $0.2462, showing signs of bullish momentum.
• A descending wedge on the weekly chart points to a possible breakout, supported by the 0.786 Fibonacci level.
• Potential upside targets include $0.4584, $0.5610, and $0.6719 if the bullish setup holds.
• A weekly close below $0.20 would invalidate the pattern, while a move above $0.25 could confirm a trend reversal.

Stellar (XLM) is showing definite signs of a bull reversal as there is a swift comeback from a key support point. Following weeks of pressure selling, the altcoin picks up pace, and both the daily and weekly charts continue to suggest a potential breakout scenario.

In the daily chart, XLM recently reversed from the $0.22–$0.24 support region and is currently trading around $0.2462. This region had been among the main demand areas earlier, and the current surge upwards indicates new interest among bulls. The rally upwards also comes against the backdrop of an ongoing downtrend, and this may indicate bears slowly surrendering control.