XLM pushed through $0.373 after a week of steady higher lows, buyers forcing momentum upward. Open interest jumped 11% with funding rates positive, market leaning long while resistance nears $0.385. Stellar’s native token XLM added 3.9% in the past 24 hours, trading at $0.382. The renewed strength comes as the SuperTrend indicator shifted bullish on the 4-hour chart for the first time since late August, highlighting changing momentum. Stellar has now broken above the $0.37–$0.373 resistance level. That move followed a week-long consolidation, where buyers consistently formed higher lows, pulling price back toward the top of its range. The new SuperTrend “Buy” tag marks the first clear momentum reversal since the previous downtrend. Candles have been closing near their highs, often a sign that dip buyers are stepping in. Holding above the cloud would confirm ongoing bullish pressure. Source: X Resistance Levels in Focus XLM price faces immediate resistance at $0.385, with the next barrier at $0.40. If it breaks higher, the next target is around $0.42, where sellers have stepped in before. On the lower side, support is around $0.37–$0.365, with stronger support at $0.35. If the price falls below $0.35, it could turn weaker and drop toward $0.345–$0.34. A daily close under $0.35 would cancel the SuperTrend flip. On the other hand, if the price breaks above $0.385 with strong trading volume, it could move toward $0.40 or higher. Technical indicators support the bullish case. The Relative Strength Index stands at 50.49, indicating neutral momentum but with potential room for the upward push. The MACD line has moved above the signal line, and the histogram shifted back into the positive region marking slow build-up. Source: TradingView Market action on the derivatives side strengthened as open interest surged more than 11% over the past 24 hours, bringing the value near $348 million. The funding rate remained positive, reflecting that longs continue to overwhelm shorts. XLM Gains Traction with Protocol 23 Upgrade The latest price movement has come after recent improvements in the Stellar network. The Protocol 23 upgrade,“Whisk,” went live on September 3, as CNF reported. It introduced parallel smart contract execution, which means running several contracts at the same time. It also brings lower fees and faster processing. The goal is to improve asset tokenization and make cross-border financial transactions easier to use. Market participants view the upgrade as strengthening XLM’s position. Momentum indicators are already signaling pressure building upward, and with the SuperTrend flipped to support, short-term price action may continue to favor buyers if $0.37–$0.365 holds. If the price moves above $0.385 in the short term, this level can turn from resistance into support, which may open the way toward $0.395 and then $0.40. But if the price fails to stay above this level, the token will likely stay stuck between $0.355 and $0.37 until a new market trigger appears.