Stellar (XLM) Strong Rebound, Future May Welcome a New Round of Upsurge

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After a long period of consolidation, Stellar (XLM) has shown a significant rebound momentum this month, with the current price reaching **$0.2555**, the highest level since 2022, echoing XRP's recent strong performance. Since the beginning of this year, XLM has accumulated a **220%** increase from its low, and analysts generally maintain an optimistic attitude towards its subsequent performance.

Technical charts indicate that the key resistance level at **$0.1955** has been broken, which has been a strong barrier since the beginning of 2023 and is also the neckline of a double bottom pattern. The current price is above the **23.6% Fibonacci retracement level** and the **50-week moving average**, indicating the potential for continued upward movement.

The next key target is **$0.3243** (38.2% retracement level), approximately **40%** higher than the current price. If successfully breached, it may also challenge the **$0.4150** 50% retracement level. However, if the price falls below **$0.1955**, it may drop to **$0.15**.

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