XLM Rallies 8% As Traders Push Toward Key Resistance

Stellar recently jumped eight percent in a single day, catching the attention of many traders across the market. This sudden price move came alongside a solid fourteen percent increase in Open Interest. That means fresh money is entering the market, and traders are taking on new positions as the token approaches a major three month resistance level.

The big question right now is whether this demand can hold up. Breaking past the twenty cent barrier will take sustained buying pressure from the bulls. If the current momentum sticks around, Stellar could see a much larger breakout after months of trading in a tighter range.

Traders should keep a close eye on volume levels and open interest in the coming days. If open interest keeps climbing while the price holds steady, it usually signals strong continuation. On the other hand, a sudden drop in volume could mean a quick cool down is coming.