Stellar XLM holds support at $0.1360-$0.1278 as traders watch $0.1729, $0.2193 and a possible move toward $0.53.

Stellar (XLM)is trading near a long-term support zone after a deep pullback from its recent highs.

The area between $0.1360 and $0.1278 is a key area to watch. Traders are now watching whether XLM can hold this range and build toward a possible move to $0.53.

Long-Term Support Zone Keeps XLM in Focus

XLM has returned to a price area that traders have tracked for months.

The zone between $0.1360 and $0.1278 acted as support before, and it has already been tested.

As a result, this range is now a key part of the current Stellar price outlook. One market analyst CG TRADES said XLM is trading on its “long term support” area.

The same note placed invalidation at a monthly close below $0.1278. For now, that keeps the support range active on the higher timeframe.

This setup matters because long-term support often shapes the next major move.

When price holds, buyers may try to rebuild momentum. However, a clean monthly break below support would weaken the recovery case.

Daily Chart Still Needs Stronger Recovery Signals

The daily chart still shows a weak structure, even as price sits near support.

XLM is trading near $0.168, which is below the prior swing low near $0.1729. That means the market has not yet confirmed a trend change.

For that reason, traders are watching several recovery levelsabove the current price.

The first level is $0.1729, followed by $0.2193 and $0.2557. A move above that range would improve the daily chart and support the bullish case.

XLM holds support as traders watch recovery levels source TradingView

Until then, price action may still reflect a relief bounce inside a broader correction.

The larger downtrend followed the sharp rally into the $0.39 to $0.55 region.

Since then, XLM has printed lower highs and lower lows on the daily timeframe.

Momentum data also remains mixed at this stage. The RSI has improved from weaker levels, yet it still does not confirm strong upside control.

So, the market still needs stronger closes above resistance to support a move toward $0.53.

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Short Squeeze Adds Near-Term Support to XLM Price Action

At the same time, derivatives datashows that many traders had leaned short.

On Binance, the long short ratio by accounts stood at 0.7753. That reading suggests short positions outnumbered long positions.

Top trader data also showed a cautious or bearish tilt. The top trader long short accounts ratio was 0.9294, while positions were at 0.7416.

In contrast, OKX showed a more balanced reading near 1.05.

XLM shorts dominate as liquidations rise across markets source Coinglass

Liquidation data then showed a sharp move against those shorts. Over one hour, short liquidations reached $25.30K, while long liquidations were just $550.

Over 24 hours, shorts lost $177.70K, while longs lost $48.91K. Those figures point to a short squeeze in the near term.

That type of move can lift prices quickly, especially when the market is positioned the wrong way. Even so, XLM still needs follow-through buying and stronger closes above resistance.

Stellar remains at a key point on both the monthly and daily charts. Support near $0.1360 to $0.1278 is still holding, and short covering has added near-term strength.

The next phase now depends on whether XLM can reclaim higher levels and keep the path toward $0.53 open.

The post Stellar XLM Holds Key Long-Term Support as Traders Watch for a Move Toward $0.53 appeared first on Live Bitcoin News.

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