Will XLM Price Hit $0.25 Soon?

Stellar (XLM) Current Market Status

The maximum supply of Stellar (XLM) is 50,001,806,812 XLM while its circulating supply is 26,627,282,839 XLM coins according to CoinMarketCap. At the time of writing, XLM is trading for $0.106760 which represents 24 hours decrease of 1.80%. The trading volume of Stellar in the past 24 hours is $87,042,688 million which represents a 2.07% decrease.

Some of the top cryptocurrencies exchanges for trading Stellar (XLM) are Binance Exchange, Coinbase Exchange, Huobi Global, Kucoin, Kraken, Gate.io, and others.

Now that you have known what XLM is and its current market status, we shall discuss the price analysis of Stellar (XLM) for 2023.

Stellar (XLM) Price Analysis 2023

Currently, XLM is ranked in the 25th position on CoinMarketCap. Will developments and upgrades within the XLM community lead to a rise in the price of Stellar (XLM)? We shall see this in this Coin Edition price analysis 2023 article.

Stellar (XLM) Price Analysis – Keltner Channel

The Keltner Channel is an indicator that measures volatility and helps in adjudicating the direction of the trend. It has three bands as shown in the chart below. The upper band is the upper limit that a particular cryptocurrency could reach during a specific period while the lower band is the lowest that it could reach within a specified period of time. Meanwhile, the middle band is the Exponential Moving Average (EMA) which is closely related to a simple moving average.

The chart above shows a white rectangle that shows the expansion of the Keltner channels. When the bands widen it means that there is going to be more volatility. Or in other words, the prices could drastically drop or increase. 

When the price of a cryptocurrency continuously touch the upper or lower band, and thereafter touches the opposite band. (which is, if crypto continuously touches the upper band and finally touches the lower band, then we could determine that the bullish trend has faded. This applies vice versa as well). 

As red highlighted sections in the charts show how XLM touched the lower and upper Keltner channels and how the trend changed. Moreover, currently, XLM is testing the upper Keltner channel. If this trend continues then there could be a trend reversal on the horizon for Stellar. Additionally, since the Keltner channel is facing upwards, we could expect the prices to go up in the future.  

Stellar (XLM) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is basically a Simple Moving Average (SMA) that acts as a yardstick to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. When considering the chart below we can see that when the RSI line is above the Signal, XLM is bullish or gaining value but when it is below it is on a downward trend.

Additionally as mentioned above the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains and losses is then deducted from the 100. 

If the answer is less than 30, then we call that the price of the security is in the oversold region. This means that many are selling the security in the market, and as such the security is undervalued.  Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply. 

If the answer is more than 70 then the security is overbought as many are buying. Since many want to buy the security the demand increases which intuitively increases the prices.

Additionally, the RSI could be used to determine how strong a trend is. For instance, when a cryptocurrency is bullish or reaching higher highs, then the RSI line also should be making higher highs in unison. If not it means that although the cryptocurrency is on a bullish trend it is losing value and hence a trend reversal could be lurking around the corner. However, it could also give false alarms. As such, traders should be wary of it and let the market saturate before making vital decisions. 

Stellar (XLM) Price Analysis – Moving Averages

The Moving averages are quite similar to the simple moving averages (SMA). However, the SMA smoothens down all values whereas the Exponential Moving Average gives more weightage to the current prices. 

The section highlighted shows the big price drop. And this drop could have caused the 50-day MA to deviate more from the 200-day MA as shown in the chart above. 

Looking at the highlighted section of the chart above, we could see XLM’s price was below the 50-day MA and 200-day MA during November 2022, indicating that the market was entirely bearish. 

After the horrific end to 2022, XLM started rising and managed to break above the 50-day MA and thereafter consolidated. Although the bears tried to take hold of XLM during this period of consolidation, they weren’t successful in the first attempt as the 50-day MA gave support to XLM. However, the 50-day MA couldn’t hold XLM from falling when it came under the pump by the bears.  

Nonetheless, XLM is on a roll as it has broke above the 50-day MA and 200-day MA with a drastic rise which is near exponential. If this exponential rise of XLM continues, we may see a Golden Cross in the near future. This is because the 50-day MA is approaching the 200-day MA from below and if they cross a Golden Cross would occur. In the event, a Golden Cross occurs we could expect the prices of XLM to rise even further.   

Traders should select and use the proper combination of indicators that measure different parameters of a token or coin to avoid losses. This is because each indicator has its limitation, hence, the other indicator you choose should be able to nullify this effect and give a better reading.   

Stellar (XLM) Price Prediction 2023

When looking at the chart above, we could see that Stellar (XLM) which was fluctuating between Support 1 ($0.1014) and Resistance 1 ($0.1301) fell below Support 1 in November 2022. After its fall, XLM consolidated between Support 1 ($0.1014) and Support 2 ($0.0754). However, XLM bulls dominated the market and XLM was able to break Support 1. Now that XLM is between Support 1 and Resistance 1, we could expect it to consolidate, especially because XLM has touched the upper Bollinger band, hence we could expect a price correction.  

Nonetheless, if the bulls manage to keep the same momentum that they gave to XLM when it broke Support 1 then we could expect it to break Resistance 1 and reach Resistance 2 ($0.1505). But, Resistance 2 hasn’t been a prominent area for XLM. Hence we could expect XLM to break Resistance 2 and reach Resistance 3 at $0.214. 

The above thesis of XLM breaking Resistance 2 could be predicted as we could see that XLM reciprocated its behavior back in April 2020. However, in the contrast, if the bears take over the market, then Stellar could fall to $0.0529.

Stellar (XLM) Price Prediction – Resistance and Support Levels

The above chart shows that the price of XLM has increased 36.72% in the last 30 days. If this price increase continues, XLM could break the $0.1516 Resistance 0 level and move higher to $0.2893 at Resistance level 1, and even higher. 

However, if sellers have their way, the price of XLM might be unrooted from its present uptrend position. In simpler terms, XLM might trend below the $0.0616 Support 0 level, and even lower in 2023.

Stellar (XLM) Price Prediction 2024

The next year could be significant in the cryptocurrency calendar as it is the year of Bitcoin halving. Since the rewards for mining and validating will be slashed in half, there will be fewer validators. This means there will be less BTC mined and the supply will shrink and as a result, the price could surge. 

Since all cryptocurrencies rise and fall in tandem with BTC, we could expect XLM to reciprocate this behavior. As such Stella (XLM) could rise to somewhere close to $0.3306. 

Stellar (XLM) Price Prediction 2025

The Bitcoin halving the previous year suggests that most cryptocurrencies will likely break through additional psychological resistance levels. Stellar (XLM) price might grow to $0.7562 during the next three years. Furthermore, hitting this level may not be challenging for Stellar (XLM).

Stellar (XLM) Price Prediction 2026

Stellar (XLM) price might grow to $1.0574 in 2026. Furthermore, hitting this level may be relatively easy for Stellar (XLM) because the new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. 

Stellar (XLM) Price Prediction 2027

Since Bitcoin will be cut halve, investors anticipate a bullish run in 2028. As such, the Stellar (XLM) price might soar to $2.2322. Furthermore, hitting this level may not be easy for Stellar (XLM) as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered.

Stellar (XLM) Price Prediction 2028

Bitcoin will undergo a halving in 2028. Thus, a bullish run may follow 2027’s expected market consolidation. The effect of media coverage of the halving of Bitcoin in any given year is to blame. In the next six years, Stellar’s (XLM) price could rise to $3.2279. 

Stellar (XLM) Price Prediction 2029

By 2029, there could be a lot of stability in most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of Stellar (XLM) to $4.2563 by the end of 2029.

Stellar (XLM) Price Prediction 2030

The cryptocurrency market experiences high stability due to early investors’ hodling activities to maintain future gains in the price of their assets. We could expect the price of Stellar (XLM) to trade around $5.9657 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Stellar (XLM) Price Prediction 2040

According to our long-term Stellar token price estimate, Stellar (XLM) prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $7.8889 by 2040. If the market turns bullish, the price of Stellar (XLM) could go up beyond what we predicted for 2040.

Stellar (XLM) Price Prediction 2050

According to our Stellar token forecast, the average price of Stellar (XLM) in 2050 might be above $9.9915. If more investors are drawn to Stellar (XLM) between these years, the price of Flare in 2050 could be far higher than our projection.

Conclusion 

If the investors see potential in Stellar (XLM) and add it to their portfolio then we will be able to see exponential growth in Stellar (XLM) prices surpassing $10. 

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Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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