Stellar (XLM) Surges 14%, Reclaims Long-Term Channel Midline

Stellar (XLM) has surged over 14% in the past 24 hours, reclaiming the midline of its long-term parallel channel, according to BeInCrypto. The Layer 1 network is now trading near $0.169, with a market capitalization exceeding $5.6 billion. The four-hour chart shows a break above a descending trendline from the April 21 swing high, driven by a sharp volume spike. The daily chart confirms the breakout with strong volume, lifting the price to the upper edge of the channel. Traders are eyeing a path to $0.60 if the structure holds, with $0.18 as the next resistance.