The sentiment across the crypto landscape has completely shifted following the Crypto Strategic Reserve announcement.

Amid this, XLM, the native token of Stellar, soared impressively but did not gain as much as expected.

Crypto sentiment has noticeably shifted following the announcement of the Crypto Strategic Reserve. In other developments, XLM, the native token of Stellar, experienced a remarkable surge but did not gain as much as anticipated.

Current Price Momentum

As of today, March 3, 2025, XLM has risen by 5% in the past 24 hours and is currently trading around the $0.33 mark. In comparison, its competitor, XRP, has experienced a more significant surge during the same period.

With this upward movement, XLM has managed to regain the crucial support level of $0.31 but is now encountering selling pressure at $0.36, a historical resistance zone.

XLM Technical Analysis and Upcoming Levels

According to expert technical analysis, XLM appears to be forming an inverted head and shoulders pattern on the daily timeframe, defined by a neckline at $0.365.

If the asset continues on an upward trajectory, surpasses the $0.365 level, and manages to close above it, there is a high possibility of a 40% surge to reach the $0.50 mark in the coming days, based on past price trends.

However, during the recent price decline, XLM successfully retested its 200-day Exponential Moving Average (EMA), indicating that the asset is still in an uptrend and highlighting its resilience.

With a bullish outlook for XLM, investors and traders have shown strong interest and confidence, placing bets on the token’s upside potential and accumulating it, as reported by the on-chain analytics firm CoinGlass.

$2.45 Million Worth of XLM Outflow

Data from spot inflow/outflow indicates that exchanges have experienced a net outflow of $2.45 million worth of XLM tokens in the past 24 hours.

Traders’ Bullish Outlook

At press time, the major liquidation levels are at $0.318 on the lower side and $0.339 on the upper side, with traders being over-leveraged at these points.

Further analysis reveals that bulls currently hold a stronger presence, accumulating $2.90 million in long positions at the lower level, anticipating that the price will not fall below $0.318. In contrast, traders betting on the short side have maintained $2.18 million in short positions at the $0.339 level. However, these positions will be liquidated if the price continues to move either up or down.