XLM Recovers from $0.15 Lows, but Bears Maintain Control

Stellar price moved toward $0.17 on Thursday, February 26. XLM rallied as cryptocurrencies posted gains across the board. We may see bulls test $0.40 if sentiment holds, but bears remain largely in control. Stellar (XLM) rose to near $0.17 early Thursday as a broad market bounce lifted crypto assets. The altcoin’s price tracked major alts and Bitcoin, rebounding from lows of $0.15 as buying pressure increased. Bitcoin’s surge near $70k preceded Nvidia earnings. BTC holds above $68k, suggesting a possible retest of recent highs. However, bulls risk losing intraday gains if bearish sentiment returns. This uptick appears as a relief bounce that could fade quickly. XLM price today is $0.1647, up nearly 8% in 24 hours. Stellar gained 3% over the past week, extending the recovery from oversold levels near $0.15. Data indicates higher trading volume accompanied the move. Spot volume reached $155 million, up 50% as XLM tested intraday highs around $0.169. Stellar price technical analysis reveals XLM remains below the 50-day and 100-day SMAs. Moving averages cluster near $0.18-$0.21, indicating continued downside pressure. A descending resistance trendline caps upside; bulls need a clean break to sustain momentum. Technical indicators currently suggest the trend is not yet reversed. I recommend monitoring the $0.18 level closely. A failure to break this resistance could signal a return to lower prices.