This is why the history of October drives XLM bullish.

Stellar (XLM) has recorded a 10% increase in the past 24 hours, thanks to optimistic sentiment and technical breakouts that have attracted traders back to long positions. At the time of writing, XLM is trading at $0.4001, with daily trading volume up 130% to $499 million.

Coinphoton will analyze the setup of XLM in October, important technical levels, predictions from experts, and liquidation data affecting the next move.

October history supports the bulls

This price increase occurs as traders are positioning for further growth. The strong recovery of XLM also coincides with the positive historical performance of October in the cryptocurrency markets.

According to data from Lookonchain, over the past 12 years, the cryptocurrency market has recorded profits in October ten times, with only two instances of negative returns, in 2014 and 2018.

Based on this information, XLM has the potential to continue its positive trend in 2025.

Source: X## Analysts target around $0.50–$0.56

Additionally, some bold predictions from experts have emerged on platform X, further strengthening the optimistic outlook for XLM. For instance, AltCryptoTalk pointed out that XLM has broken out of a descending wedge pattern on the daily chart, and a successful retest could trigger a price increase of 60% to 70% in the medium term.

Another expert also emphasized that with the recent breakout, the level of $0.50 is now in sight. Not only stopping at optimistic predictions, a cryptocurrency expert has also shared potential sell levels.

Source: He pointed out the $0.50 level as the next main target after the breakout. Conversely, analyst CW warned of a large sell wall at $0.445, and if this level is breached, the price could head towards $0.56.

Source: X## XLM price action and key levels to watch

Technical analysis from Coinphoton indicates that XLM has ended the downtrend that began on July 18, paving the way for a bullish move. However, XLM is still facing resistance near the $0.4090 level at the time of writing.

This change has established the level of $0.4150 as an important daily closing level. Breaking above this level could open up a 25% bullish move towards $0.5150.

Source: TradingViewHowever, the current indicators suggest that caution is needed.

The Supertrend indicator is still showing red at the current price level, indicating downward pressure. Furthermore, the ADX index stands at 18, below the threshold of 25, which suggests that trend momentum is weak.

Based on the mentioned market sentiment, traders seem to be following the same trend. According to information from CoinGlass, the main liquidation levels for XLM are currently at $0.3809 below and $0.4129 above.

Source: CoinGlassAt these levels, traders have built $8.62 million in go long positions compared to $2.68 million in short positions, highlighting the market's bias towards continuing to rise.

Mr. Giáo