The Stellar price prediction indicates that XLM might continue to rise, with a break above $0.100 potentially keeping the coin above the moving averages.
Current State of XLM
The current price of Stellar is $0.097 with a market cap of $2.85 billion, a circulating supply of 29.6 billion, and a total supply of 50 billion. Stellar ranks #29 on Coinmarketcap. Since hitting its all-time low of $0.001227 on November 18, 2014, the token has surged by 7770.98%. Despite a decline from its all-time high of $0.9381 achieved on January 4, 2018, the price shows stability within recent lows of $0.09617 and highs of $0.09731.
Stellar Price Prediction: What's Next for XLM
The XLM/USD pair is showing promising technical indicators. The cryptocurrency recently broke out of a falling wedge pattern on the daily chart, signaling a potential trend reversal. However, XLM faces resistance from a downtrend line that has persisted since March 29, 2024. Successfully breaking above this level could push the price to $0.112 and further to resistance levels of $0.115, $0.120, and $0.125. If the buying action fails to break above $0.100, XLM/USD could move to consolidation with support levels of $0.080, $0.075, and $0.070.
XLM/BTC: Current Situation
Against Bitcoin, XLM remains above the 9-day and 21-day moving averages, preparing to reach the nearest resistance of 170 SAT. Failure to break this resistance could lead to further downward movement to support levels of 150 SAT and below. A long-term bullish trend requires the price to break and hold above this level. Analyst @abermixcrypto notes that breaking and holding above a key support level signals a strong uptrend, while a strong rejection could lead to new lows.
The Stellar price hovers around the resistance level of $0.097, signaling potential gains toward $0.112 if momentum builds. A bullish trend could strengthen if the 9-day MA crosses above the 21-day MA.
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