With a massive jump of 120% this week, XLM’s price is now trending at $0.4325. This marks the very successful bullish continuation of the 81% surge last week.
Will the uptrend in action drive the XLM price to $1? Find out now in Coinpedia’s Stellar Lumen’s Price Analysis.
XLM Price Hits $0.43
In the weekly chart, the XLM price trend shows three consecutive bullish engulfing candles, creating a triple white surge. This continuous streak completes the triple white surge pattern.
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Based on the Fibonacci levels, the uptrend is now challenging the 78.60% level at $0.4344.With the ongoing bullrun, the XLM price trend has marked a change of character and is now trending at 0.4847, the highest price since May 2021.
As the uptrend continues, the chances of XLM price creating a new all-time high above $0.93 is increasing. With XRP and Cardano crossing the $1 mark, the chances of XLM price have significantly increased.
Technical pointers:
EMA: The increased bullish influence has resulted in a bullish crossover within the 50-week and 100-week EMA line. This also increases the chances of a golden crossover.
MACD: The MACD and signal lines witness a sharp uptick with skyrocketing bullish histograms.
What’s Next For Stellar (XLM) Price?
If the uptrend continues, the bullrun could find upside resistance levels at $0.71 and $1.33. These price targets are derived from the Fibonacci levels of 100% and 1.272.
By the end of 2025, the price range could reach $2.95. On the flip side, $0.29 is a crucial support in the weekly chart.
Curious about the XLM price targets? Read Coinpedia’s Stellar price prediction for the latest updates.
FAQs
Yes, with its current uptrend and bullish indicators, XLM has a strong chance of breaking its all-time high of $0.93, especially if momentum continues above key resistance levels.
Short-term targets are $0.71 and $1.33, based on Fibonacci levels. By the end of 2025, XLM could reach as high as $2.95 if the bull market sustains.
If XLM breaks below the crucial support at $0.29, it could face further corrections, potentially reversing its bullish trajectory.
Source: https://coinpedia.org/price-analysis/xlm-soars-120-is-a-new-all-time-high-around-the-corner/