Is It Time To Go Long In XLM?

Stellar is a decentralized platform that allows fast, cheap, and multi-currency transactions. It uses Lumens (XLM) as its native coin and Anchors as bridges between different currencies. 

It aims to provide access to the global economy for people in developing countries. It also protects the network from flood attacks by requiring a minimum balance of XLM. Stellar is a network that connects people, money, and markets.

Stellar (XLM) crypto price showcases volatility over the chart in the recent sessions. The price is hovering in a range with major support at $0.10 and major resistance at $0.133. The daily chart witnesses the formation of a symmetrical triangle pattern. 

Moreover, the price shows frequent crossover of the key EMAs of 50-day and 200-day indicating a sideways trend prevailing. The bulls and bears are having a tough fight and trying to tilt the short-term trend in their favor. 

Stellar Price Prediction 2023

Moreover, the long-term outlook of XLM favors the bulls above the 200-day EMA. The RSI indicator also shows a bullish cross of the SMA line and hovers above the median line indicating an optimistic outlook ahead. 

 The price prediction for 2023 showcases a neutral to bullish outlook indicating an upside potential of nearly 19.14%. The price may reach $0.1442 by year-end. Moreover, the pessimistic view of analysts expects the price to drop to $0.1127. 

Stellar Price Prediction 2024

As per the analysts, the most optimistic target that the Stellar price may achieve is $0.253; indicating an upside potential of 109.94% from the CMP. The average analyst price target to be attained is $0.204 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.1477.  

Stellar Price Prediction 2025

According to the most optimistic analysts’ projections, the XLM price could reach up to $0.327 in the next three years as its peak value. The price may surpass $0.288 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.242.

Stellar Price Prediction 2026 

If the crypto market favors a bullish scenario, the XLM price could soar to $0.511 at its highest level. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.448 by 2026. 

Stellar Price Prediction 2027

The most bullish analysts foresee a potential value of $0.602 by the year 2027. The minimum price target that the XLM crypto may achieve by 2027 is $0.521. 

Stellar Price Prediction 2028

The price forecast of Stellar crypto shows that it may reach a high of $0.807 by 2028 if positive conditions prevail. By 2028, the analysts’ negative forecast for Stellar is $0.639.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.