Analyzing the current dynamics of Stellar (XLM), signs of bullish movement are observable in the market. Analysts predict that XLM's price could rise to $0.80 if the asset maintains support.
Current Market Situation of XLM
At the time of writing, XLM is trading around $0.425227. Analyst Ali Martinez noted that XLM is consolidating within a bullish flag after a sharp rally in July. A breakout above the upper resistance line is expected to allow the asset to reach $0.80.
Technical Indicators and Support
Current technical indicators show positive signals. The 20-day moving average stands at $0.4417, above the 50-day moving average, which is at $0.3266. Maintaining support above the $0.3786 level is considered critical for continuing the upward trend.
Long-Term Price Forecasts for XLM
According to forecasts from the Scopuly platform, the average price of XLM could be $0.66 in 2025, with a maximum price of $0.79. By 2030, the price is expected to rise to $2.99, with the potential to reach $3.43 by 2031. These forecasts are based on anticipated upgrades and a decrease in the initial supply of the asset.
The situation in the Stellar (XLM) market is developing positively, highlighting the potential for further growth and price increases in the coming years.
