Stellar's XLM token has recently shown signs of potential upside, noted by experts in the crypto sphere. Predictions indicate XLM might reach $2, signifying a notable increase from its current value.
Growth Prediction to $2
A crypto expert predicted that the XLM token could surge 350% to $2. Despite the recent price decline, this is viewed as a temporary setback on the path to this target.
Current Price Momentum
Recently, XLM did not show significant price changes. However, today it saw a price surge of over 5%, reaching the $0.437 level. Trading volume dropped by 13%, indicating less participation from traders and investors. The asset is still down by 13% over the past 7 days.
Technical Analysis & Fund Movement
CoinPedia's technical analysis suggests XLM is forming a bullish pattern and consolidating near the breakout level. If XLM breaches $0.47, it could initially rise by 32% to $0.63. Long-term potential suggests a rise to $3.04. Additionally, Coinglass data shows a significant outflow of XLM from exchanges, indicating a bullish sentiment.
XLM continues to capture investor interest amidst positive forecasts and technical signals. Market impact will depend on adherence to the projected trends and sustained bullish sentiment.
