Will Stellar (XLM) defend its key support level around $0.30, paving the way for a potential price surge? Recent market analysis suggests this could be within reach. XLM is approaching a crucial demand zone between $0.30 and $0.32, where significant buying interest could emerge. Momentum indicators are starting to show positive signs: MACD crossover signals indicate growing buyer strength, while RSI above 50 confirms increased buying activity. This resurgence in buying pressure is evident from XLM’s market capitalization recovery after a sharp decline. The chart patterns, including V-shaped recovery and potential double bottom formation, add further fuel to this bullish outlook.