 
 
Stellar (XLM) is signaling a bullish rebound, with market expert CryptoAlphas acknowledging wave-4 support remains intact.
Notably, Elliott Wave analysis points to a potential fifth-wave rally, targeting $0.87, with extended goals up to $1.44 by year-end.
Based on this analysis, Stellar’s consolidation may be ending since Wave-4’s support is holding strong, a historically reliable launchpad. As a result, XLM appears poised for a potential surge in the coming weeks.
Furthermore, technical indicators reinforce this bullish outlook. For instance, the Ichimoku Cloud highlights upward resistance, suggesting that sustained buying pressure may be needed to advance.
Meanwhile, the RSI hovers near 38, close to oversold levels, often a precursor to a rebound above 50, signaling renewed momentum.
 
On the other hand, the MACD histogram shows a narrowing negative spread, signaling an imminent bullish crossover, a classic precursor to upward momentum, showcasing Stellar’s potential to ride the next market upswing.
Therefore, Elliott Wave confirmation, RSI rebound potential, and an imminent MACD crossover together build a strong technical case for a bullish XLM outlook.
Top market analyst Ali Martinez also acknowledged Stellar’s bullish picture by stating that the 20th-largest cryptocurrency by market cap might be gearing up for a rally to $0.50, with $0.40 acting as a significant launchpad.
At the time of this writing, Stellar was trading at $0.3489 per CoinGecko data.
Nevertheless, short-term resistance may slow Stellar’s climb, but the broader setup points to a year-end rally toward the high $0.80s, with upside potential reaching $1.44.
Source: https://zycrypto.com/stellar-xlm-poised-for-a-fifth-wave-rally-eyes-on-1-44-before-year-end/