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Stellar (XLM) recovers: optimism despite price decline!
Stellar (XLM) shows encouraging open interest numbers despite price decline. Is a recovery in sight? Current market analyses.
Stellar (XLM) recovers: optimism despite price decline!
On October 17, 2025, Stellar (XLM) shows interesting developments in trading. Despite a sustained decline in the price, the four-hour open interest increased by 1.16%. This could indicate an impending recovery after traders invested $140 million, equivalent to 465.24 million XLM, into the futures market. These numbers come from current data from CoinGlass.
However, at the same time, the 24-hour open interest fell by 11.27%. Despite these contradictory trends, the high open interest levels show that investor confidence in Stellar's future price performance remains. This could also reflect the optimism of traders on the leading platforms.
Optimism among traders
Traders were particularly optimistic on Binance, where an amount of $37.62 million or 27.21% of the total open interest was recorded. Other significant contributions came from Bitget with $24.96 million, Bybit with $21.95 million and OKX with $14.21 million.
At the time of reporting, Stellar price was at $0.3011, down 7.65% in the last 24 hours. This bearish move saw XLM fall from an intraday high of $0.3284, reflecting ongoing market volatility.
Trading volume and market behavior
Despite the price drop, trading volume increased by 49.48% to $419.94 million, indicating a possible price reversal. Stellar has posted an impressive 288% gain this year through September, while Bitcoin and Ethereum have only gained 88% and 73%. At the start of the “Uptober” rally, XLM briefly broke above the $0.40 resistance level to reach a high of $0.4036.
The platform is also seeing an increase in adoption, with nearly 400 million XLM locked. This is attracting institutional interest, although this dynamic has not yet translated into a significant price increase for XLM. Nevertheless, the current increase in open interest could trigger a rally to the $0.40 level, further fueling investor hopes.
In summary, the combination of high activity in the futures market and rising adoption of Stellar suggests a potential comeback for XLM price despite the current bearish move. Markets remain tense, but traders' confidence could soon bear fruit.