Stellar is approaching a significant historical support level after experiencing a surge in market activity. This retracement follows XLM trading near $0.2429, reflecting renewed participation amid intraday volatility. 3 key factors are contributing to this rise: expanding DeFi applications, growing institutional investments, and increasing attention towards efficient settlement networks. 3 recent retests of the support zone (highlighted by Crypto Patel) have all shown strong upward movements, including a 32%, 53%, and 138% rally respectively. These historical patterns suggest a potential for further growth if buying pressure continues. Notably, the current movement shows higher lows before consolidating near support. The asset’s price action indicates traders are closely watching this zone as confirmation signals for potential upside.