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Stellar (XLM) surges 40%, breaking downtrend with rising volume and trader interest despite bearish bets.

Technical Signals
31 May 2026
AMBCrypto
View Source
Bullish
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Stellar (XLM) surged 40.43% in 24 hours, breaking a multi-month downtrend and reaching $0.2862 with a $9.62 billion market cap. The rally was supported by a 33.85% volume increase and a 10.89% rise in derivatives Open Interest, signaling strong trader participation and conviction. Despite this, 55.6% of top Binance traders remain short, indicating skepticism and potential for a short squeeze. If XLM holds above $0.2566, it may challenge higher resistance levels at $0.2979 and $0.3329, continuing its bullish momentum.

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