Stellar (XLM) climbed 1.68% on February 8, 2026, following a bounce from a critical support zone near $0.145–$0.157. This short-term rally reflects renewed buying interest as traders monitor potential recovery levels.
Despite today’s gain, XLM’s weekly performance remains negative, down 8.06%, highlighting continued market-wide selling pressure.
At the time of writing, XLM trades at $0.1634 with a 24-hour trading volume of $128.24 million, according to CoinMarketCap. Market capitalization stands at $5.34 billion, rising 1.82% as momentum gradually strengthens. These movements suggest cautious accumulation by larger market participants while the broader bearish trend persists.
Technical Levels Indicate Recovery Potential
XLM remains inside a descending channel, with repeated respect for the lower boundary (~$0.145–$0.157) signaling accumulation.
According to the crypto analyst Jonathan Carter, Traders are targeting recovery levels at $0.200, $0.255, $0.310, and $0.380, aligning with previous swing highs. A strong resistance zone emerges near $0.470–$0.570, where sellers may exert pressure.
The key levels of support are at $0.145 and $0.092. The prudent entry levels would be to place the stop-loss slightly below $0.140. The pickup in volume along the lower boundary indicates the presence of buying interest, while a break below $0.145 would weaken the bullish argument.
Potential Bullish Crossover Forms On MACD
The RSI is currently at 49, with its moving average at 45, which places the momentum in the neutral area. The RSI had moved into the oversold area below 30, but it has now begun to move upwards, which shows that the force of selling is not as strong as it was before.
The MACD has a rising histogram, which is currently in the positive region (~0.0013), showing growing positive momentum. Although the MACD line (-0.00212) is still in the negative region and below the signal line (-0.00345), convergence is a sign of a possible bullish crossover, as per the TradingView chart.
Traders can combine these with price and volume analysis to identify short-term trading opportunities. Despite the promising reversal, the bear trend is still in place, capping gains near the resistance levels.
Why This Matters
Traders should monitor the rebound of XLM, which could indicate a brief pop of upside in a larger bear trend, especially around the $0.570 level.
With the indicators in line with volume, there could be opportunities for entry for the cautious trader while monitoring important levels of support and resistance.
Also Read: XLM Price Prediction: Weekly Structure Points to $0.40 Resistance Target
