Has Stellar (XLM) been set up for his next major outbreak?

Tl; Dr.

• Stellar is approaching critical $ 0.32 – $ 0.30 support zone after rejection of $ 0.45 resistance.
• Long liquidations dominate, with $ 192k closed while XLM slips off the range of $ 0.40 – $ 0.45.
• Protocol 23 Upgrade On 3 September, attention adds while traders pay attention to a breakout setup.

Price goes to the demand zone

Stellar (XLM) traded on the $ 0.36 press, with a 24-hour volume of $ 288 million. Token has not changed much on the day, but has fallen by 7% last week.

Alpha Crypto signal noted that XLM is approaching an important support area.

“The rejection of the $ 0.45 resistance is set neatly and price action is now in the direction of that important demand area of ​​$ 0.32 – $ 0.30,” the group said.

They added that this zone remains their focus for accumulation. The daily graph shows that XLM is under pressure after it has been rejected from $ 0.45. The active now goes to the range of $ 0.32 – $ 0.30, which previously served as the basis for rebounds.

#XLM UPDATE:$ XLM Gradually slips closer to our access zone as expected. The rejection of the resistance of $ 0.45 plays neatly and price action is now in the direction of that important demand area of ​​$ 0.32 – $ 0.30. This zone remains our interest area for new accumulation, … https://t.co/MFQJ4TTT64U pic.twitter.com/Hzfsdmfel6

– Alpha Crypto Signal (@alphacryptoign) September 2, 2025

Trend indicators in the short term are placed above the current levels, with the EMA 9 in $ 0.37 and the SMA 50 for $ 0.41. If buyers defend the support, a rebound to $ 0.50 – $ 0.55 remains possible. However, a decisive break under $ 0.30 would weaken this setup and indicate further losses.

Trade volumes have cooled since the sharp rally of July, which suggests that consolidation is waiting for direction.

Long liquidations on the rise

Recent liquidation data show that long positions are pressed as XLM moves lower. On 2 September, long liquidations reached more than $ 192,900 compared to $ 55,750 in short liquidations.

The largest share came from OKX, where $ 138,160 were closed in long positions. Binance registered both long and short liquidations, while earlier the trend was reversed in July, with shorts being liquidated as XLM to almost $ 0.50.

In the meantime, the shift to long liquidations reflects the withdrawal of $ 0.45 and emphasizes the importance of the support range of $ 0.32 – $ 0.30.

Upcoming protocolupgrade

The next network update of Stellar, Protocol 23, is planned Before 3 September, the upgrade will introduce changes to the system, although its immediate effect on market behavior is uncertain.

With the price of a crucial level of support and the upgrade on the horizon, traders look to see if XLM can stabilize and set up a new outbreak attempt.