XLM Bulls Prepare to Break Above $0.23 Resistance Point

XLM is currently sitting at its daily pivot point of $0.22, which has sparked significant interest from investors.

The open interest in XLM derivatives has surged by 6.32% in the last 24 hours, indicating that new money is entering positions.

This development is particularly noteworthy given the broader crypto backdrop, where mid-cap Layer-1 tokens like XLM are seeing renewed institutional interest and regulatory clarity improving across major jurisdictions.

The technical setup for XLM also appears to be bullish, with every moving average below the current price, which is a rare alignment that suggests the trend has been quietly rebuilding from the base up over months.