Stellar (XLM) has been quietly moving higher, up 10% in the past week and 3% in the last 24 hours, but the pace is far from explosive. This is despite the token breaking out of a bullish pattern on the daily chart earlier this month. If the structure remains bullish, why hasn’t price surged? The answer lies in a tug-of-war between supply and demand that’s playing out on-chain and on the charts. Supply Side Pressure: Exchange Balances at Record Levels The first clue comes from XLM’s exchange balances
source: https://beincrypto.com/stellar-price-bullish-setup-holds-gains-may-wait/