Stellar price outlook: XLM shows early signs of a September rebound after a 15.17% 30‑day decline; CryptoRank historical data records an average September gain of 3.08% and 6.24% in 2024, indicating potential stabilization and upside toward $0.50 if market conditions improve.
Stellar has historically performed better in September than August, per CryptoRank.
Current technicals show an inverse head-and-shoulders forming, suggesting a possible bullish reversal.
Trading volume fell 19.04% to $317.43M and price sits at $0.3541, down 2.62% in 24 hours.
Stellar price outlook: XLM shows September recovery potential after recent declines; read data-driven analysis and price targets to inform your strategy.
What is the Stellar price outlook for September?
Stellar price outlook points to a possible recovery in September based on historical patterns and current chart structure. CryptoRank data shows an average September growth of 3.08% and a 6.24% close in 2024, suggesting the current bearish pressure may ease if market breadth improves.
How has Stellar performed historically in September?
Stellar has finished September in the green more often than August over the last decade. According to CryptoRank, September average growth is 3.08%, and 2024 closed at 6.24% growth. In the past 12 years, Stellar closed green in September more frequently than August, despite only three positive annual finishes overall.
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Stellar (XLM) has lost 15.17% over the last 30 days and 13.67% in the past seven days. As of this writing, XLM trades at $0.3541, down 2.62% in 24 hours after failing to hold $0.40 earlier today.
XLM fell from an intraday high of $0.3631 due to elevated sell volume and profit-taking. Trading volume declined by 19.04% to $317.43 million, indicating reduced participation during the pullback. Reduced volume on a decline can signal the pullback lacks the conviction of a sustained downtrend.
Charts show an inverse head and shoulders formation, a classic reversal pattern. If confirmed by a breakout above the neckline with rising volume, this setup supports a target toward $0.50. Traders will watch volume and a daily close above key resistance levels for confirmation.
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Source: https://en.coinotag.com/stellar-xlm-could-rebound-in-september-after-august-decline-historical-data-and-chart-patterns-suggest/