Buy the Dip? Stellar (XLM) Set for $1 Breakout if These Levels Hold

TL;DR

• XLM shows an inverse head and shoulders, with $0.50 neckline signaling a possible $1 breakout.
• Trading volume and open interest fell, while liquidations lean toward shorts after July’s volatility spike.
• A new ETF filing could boost U.S.-based tokens like Stellar, expanding institutional exposure opportunities.

XLM Price and Market Activity

Stellar (XLM) was trading at $0.39 at the time of writing, with a 24-hour trading volume of $324 million. The token has fallen 3% daily and 4% in the past week. Over the last month, XLM has dropped 11%, even as most of the crypto market posted gains in August.