Date: Wed, Nov 05, 2025 | 06:15 AM GMT
The cryptocurrency market is showing minor signs of relief after the sharp sell-off seen over the past two days, which dragged Bitcoin (BTC) down to the $98K region before rebounding to around $102K. Total liquidations have now surpassed $2 billion, highlighting the heightened volatility sweeping through the derivatives market.
This market turbulence has kept pressure on major altcoins, including Stellar (XLM) which have records a steep 32% monthly decline. However, its technical structure is now hinting at the possibility of a short-term rebound as it continues to hold a crucial support zone.
Holds Symmetrical Triangle Support
On the weekly chart, XLM remains within a symmetrical triangle, a neutral yet powerful pattern that often precedes a significant volatility breakout — either upward or downward.
After facing rejection near the triangle’s descending resistance at $0.5204, Stellar underwent a sharp 50% correction, retesting the triangle’s ascending support trendline near $0.2532. Buyers have once again stepped in to defend this key level, helping the token rebound toward $0.2732, signaling early buying interest.
Historically, this ascending trendline has acted as a dynamic demand zone, cushioning each pullback since April 2025. Maintaining this formation could provide the base for a bullish continuation, particularly as momentum indicators show early signs of stabilization.
What’s Next for XLM?
If buyers continue to defend ascending trendline support near $0.25 region, XLM could soon attempt to retest its 50-day moving average (MA) at $0.3456, which stands as the next key resistance level. A confirmed breakout above that level may fuel a move toward the upper boundary of the triangle near $0.42, potentially triggering a strong rebound phase.
For now, holding above the ascending support remains crucial for XLM’s bullish outlook. A breakdown below this zone could invalidate the setup and expose the token to further downside toward the 100-day MA near $0.2302 before any recovery attempt.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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