Stellar Price Soars with Early December Momentum, Then Pulls Back

Stellar (XLM) experienced a surge in price at the start of December, driven by active weekend trading sessions and positioning from market makers. The token reached highs above $0.25 before experiencing a pullback, currently trading around $0.231. 4% gains were recorded early on, although a noticeable drop has occurred. Analysts suggest that this price movement is likely influenced by large-volume trading and cautious investor sentiment. This early momentum faces uncertainty as the market cooldown continues. Traders are watching for signs of renewed strength or further declines.