Stellar (XLM) recently rebounded from a downtrend, creating optimism in the market. Traders remain positive, keeping the funding rates high and aiming for more price hikes. A 30% recovery lifts the crypto to $0.429, securing support at $0.416 and aiming for $0.583 to erase past losses.
Despite these gains, challenges persist. The Chaikin Money Flow (CMF) shows weak inflows, signaling investor uncertainty that may stall recovery. Stronger inflows are needed for price stabilization. Market shifts could easily undermine the bullish trend, dropping Stellar to $0.355, risking the current uptrend.
Overall, XLM's future relies heavily on market conditions and investor confidence for continued growth and maintaining its price stability above crucial levels.