Stellar's native token, XLM, is enjoying a significant rebound after a month of declines, marking a stark change in market sentiment. Currently priced at $0.4507, XLM has seen a notable 25.79% increase over the past seven days. This rise is not only a positive signal for the cryptocurrency but also indicates its growing traction amid shifting investor attitudes.
The surge is pushing XLM towards critical resistance levels, which could determine its future price movements. As investors observe this potential breakout, the market is keen to understand the underlying factors contributing to this sudden upward trend.
These developments are causing a buzz in the crypto community, with many speculating on the reasons behind this turnaround. With new market dynamics in play, XLM's future performance is highly anticipated.
![Can Stellar [XLM] hit $0.60? Assessing key levels](https://loutre.blockchair.io/w4/storage/news/2d065a81e30cf52ab74493b9ec97beaa.png){kind=small}
