XLM breaks out of the short-term downtrend and forms a clear intraday uptrend
Starting on the 22nd, the coin shifted from a mild downtrend to a well-defined intraday uptrend, rising from the $0.22 region to $0.26. The structure of higher highs and higher lows indicates that buyers have regained control after the previous sell-off. This trend is further supported by continued interest in dip buying, with recent candles closing near the top of the range, reflecting strong near-term demand.
Source: Open Interest
The recovery momentum was most pronounced during the rally to the 24th, where bullish pressure increased and the breakout was confirmed intraday. While the broader macro trend remains uncertain, recent price behavior shows clear tactical strength and improving market sentiment on the lower time frames.
Open interest rises during the rally and then declines as the price consolidates
Aggregated open interest rose sharply during the breakout, especially during the strong uplift on the 24th. This OI expansion, combined with rising price signals, caused new long positions to enter the market, rather than short liquidations. Such alignment between growing interest and rising prices typically reflects the confirmation of trends and strengthening of conviction among traders.
However, after OI peaked near the top of the range, it started to cool off as the price stabilized around $0.26. This pattern points to profit taking or controlled debt reduction rather than aggressive short selling. As long as the price remains above the key breakout area between $0.24 and $0.245, the intraday uptrend remains intact. Failure to defend this zone could signal a decisive end to the long build-up.
XLM for $0.26 with a market cap of $8.33 billion
According to BraveNewCoin, the coin is currently priced at $0.26, with a market cap of $8.33 billion and a 24-hour volume of $208.5 million. The circulating supply stands at 32.31 billion tokens, placing the crypto at rank 24 globally.
The modest daily gain of 2% matches the recent intraday recovery, although the asset is still trading well below the multi-month resistance zone around $0.30. While sentiment improves in the short term, the structure remains under pressure in the long term.
The daily chart still shows a macro downtrend despite the strong intraday numbers
From a higher time perspective, XLM remains stuck in a broader downtrend. The daily chart shows a consistent pattern of lower highs and lower lows, and any attempt at a recovery towards the $0.30 resistance has quickly faded. Despite the recent intraday push, the overall trend remains dominated by sellers.
Source: Trading view
The MACD is at -0.0131, below the signal line at -0.0126. Although the histogram is neutral, momentum remains firmly in negative territory. This suggests that while selling pressure has subsided, buyers have not yet achieved a convincing trend reversal.
The Chaikin Money Flow (CMF) of –0.08 indicates mild capital outflows and minimal accumulation. Even with the intraday strength, there are no clear signs of sustained buying interest on the daily chart.
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