thecoinrepublic.com
Stellar (XLM) price is in the spotlight amid an emerging volatility spell despite being down by over 2% over the last 24 hours.
This development has seen it consolidating around the $0.2600 support and the $0.2750 resistance level as the Bollinger Bands show a tight range.
Stellar Price Technical Indicators Suggest Potential Rebound
According to market data, Stellar (XLM) price traded at $0.2672, representing a 2.02% decline in the last 24 hours.
Investors’ interest remains low as trading volume has dropped significantly by 17.45% to $145.25 million within the same period.
Stellar’s Bollinger Bands show a tightening that suggests low volatility and a potential breakout setup.
If XLM manages to rebound to the $0.2750 resistance on the back of a rising volume and breaches it, prices could soar higher.
However, a slip below the lower support of $0.26 could spark sell pressure, which could see XLM price plummet even further.
The current Bollinger Bands indicator suggests that XLM is oversold and could rebound if investors go on a buying spree to initiate buying pressure.
The coming days will reveal Stellar’s (XLM) performance and if the asset can break out and commence its journey to the psychological $0.30 level.
Stellar Team Focuses on Long-Term Sustainability
Meanwhile, the Stellar development team has sent a bullish message to the community amid the market volatility.
In a post on X, Stellar verified handle assured the community that the ecosystem is building what will last and not chasing noise.
This suggests that the Stellar team is keen on sustainable development. So, rather than following crypto hypes, it remains focused on the long-term game.
The posts highlight Stellar’s projects, which focus on vehicles of change in the crypto space. These include security, tokenization, and production-grade infrastructure.
For instance, regarding security, Tomer Weller, Stellar’s Chief Product Officer, emphasized the importance of protecting users online.
Weller acknowledged that there is no silver bullet for fixing hacks perpetrated by bad actors, but Stellar was focusing on building a secure “run time.”
He maintained that the Stellar ecosystem protects users more than, say, EVM. Weller assured that Stellar would continue prioritizing security in the ecosystem.
Weller noted that developers are choosing to build on the Stellar ecosystem due to its intersection with DeFI and real-world asset tokenization.
The Chief Product Officer believes continued progress would drive adoption in the long term.
XLM Price to $0.30 Depends on Key Onchain Shifts
Amid this push to build a sustainable Stellar, investors remain interested in the price performance of XLM price.
Historically, June is a bearish month for XLM price, with an average negative growth of 8.05%, according to Cryptorank data.
Notably, between 2017 and 2024, XLM price had a streak of finishing in the red zone, except for 2023 when it posted green with a growth of 19.9%.
The Stellar ecosystem needs to support XLM with strong trading volume in June so that it can hit the psychological $0.3 level.
The figures, which are significantly low and in the red by over 17%, need to reverse to stand a chance of rebounding.
Additionally, if more users engage XLM in cross-border payments, it could support its upward journey to the critical price level.
It is worth mentioning that Stellar (XLM) price has not found stability above $0.3 since slipping from the level in early March 2025.