Stellar’s XLM is the best performer among the top 20 cryptocurrencies by market cap. It is up by 4.5% in the last 24 hours and is now trading above $0.23 per coin. XLM’s gains have been supported by improving futures positioning and fresh ecosystem developments that have strengthened sentiment around Stellar. The momentum indicators further suggest that XLM could extend its rally in the near term. Stellar extends rally with strong futures positioning Stellar continues to outperform, rising more than 22% this week. Derivatives data shows a clear bullish tilt, with funding rates turning positive at 0.0065%. This indicates long positions are now paying shorts — a structure often associated with sustained upward momentum.
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