Stellar’s XLM has rebounded with a 30% price increase, primarily driven by sustained positive funding rates. However, the Chaikin Money FLOW indicator suggests continued uncertainty which could impact investor confidence and the longevity of this upward trend.
For further recovery, XLM aims to maintain support at 0.416 USD, aiming for 0.583 USD to confirm a long-term bullish outlook. Conversely, a drop below 0.416 USD could push it down to 0.355 USD, jeopardizing its recent gains.