Stellar (XLM) Price Prediction: Can XLM Hold $0.27 and Target $0.86?

Key Insights:

• If $0.27 is not supported, XLM price could drop by around 14% to $0.23.
• $0.60, $0.64, and $0.86 mark the long-term targets after the falling wedge breakout.
• Bullish momentum can be expected if the $0.27 trading level holds after the MACD crossover.

Stellar (XLM) price stands at a crucial stage, as it could correct strongly or see a big breakout. According to the latest technical analysis, there are mixed signals, showing potential short-term risks but still indications of bullishness in the long term. Many traders are focusing on specific levels in the market before the next significant change.

Stellar (XLM) Price $0.27 Support Must Hold to Prevent 14% Correction

Analyst Ali Martinez has recently pointed out that support at $0.27 is very important for Stellar price. His 4-hour chart indicates that if this level fails to hold, there could be a 14% drop to $0.23. XLM chart revealed that the price was rising within a channel, and $0.27 was a key level of support.

However, if the support at $0.24 fails, the price could fall to $0.23, making a sharp move that would test the base of this channel.

Interestingly, this support is crucial, as it nearly touches the lower edge of the trendline. If the price doesn’t stay above the trendline, it could signal an upcoming bearish movement and falling prices. However, if $0.21 holds, Stellar price could see another rally toward $0.30 in the forthcoming days.

Wedge Breakout Sets Up Long-Term Bullish Reversal

The market may be cautious now, but the longer-term outlook is positive. Recently, Rose Premium Signals indicated that Stellar price has moved past a falling wedge formation on the weekly chart. Notably, this pattern usually indicates that a long-term downtrend has ended and a new uptrend may be underway.

According to the analysis, there is a major breakout zone for XLM price between $0.21 and $0.24. The area has provided strong support, proving that the price is successfully breaking out of the wedge. Important levels of resistance for the asset are $0.6010, $0.6402, and $0.8610. If the targets are met after a wedge breakout, traders stand to gain up to 231%.

If XLM is kept above this zone, it may move up and reach even higher prices. As long as XLM rises above the support zone after a dip and remains positive, it could still show an upward trend in the market.

Technical Indicators Signal Potential Rebound For Stellar Price

The MACD on the daily chart indicated that there is a possibility for a bullish crossover for Stellar price ahead. It normally foreshadows significant buying action, as the market opinion is once again in favor of buyers. Furthermore, the Bollinger Bands are narrowing on the 4-hour chart, which could mean that a high-volatility period is about to begin.

If XLM price stays over the $0.27 mark, as suggested by the technical indicators, this could show that the broader trend is reversing and could lead the price toward the predicted targets provided by Rose Premium Signals. This is similar to what is happening in the broader altcoin market, where numerous assets have recovered well in the past few weeks.

MACD also showed a good signal, with the histogram now being positive after being negative. Often, this sudden momentum brings on an uptrend, adding more support for Stellar price.

XLM Path to $0.86 if Key Levels Hold

For Stellar (XLM) price to reach $0.8610, it will first need to cross the $0.6010 target and stay above $0.27. As a result, investors become convinced that the price is going up and invest even more.

Combining strong technicals, wedge breakout, and more interest from long-term investors indicates XLM price could soon rally substantially. If these critical support levels are broken, there could be a sharp correction or a prolonged period of retracement.

With each improvement in the market structure, XLM is moving closer to its predicted price of $0.8610. In the coming weeks, these key areas are expected to be the next areas where bulls and bears battle.