XLM, the native token of Stellar, has experienced a remarkable 40% surge in the first three days of January 2025, attracting the attention of prominent investors and traders in the crypto space.
Profit Booking in XLM?
However, concerns are rising as some investors seem to be continuously dumping XLM onto exchanges. According to CoinGlass, exchanges have recorded a substantial inflow of $36.36 million worth of XLM tokens, potentially indicating selling by long-term holders who purchased the altcoin last month.
XLM’s Current Price Action
Based on recent price action, there is a strong possibility of potential consolidation near the $0.45 resistance level. This period may attract new investors and strengthen XLM for further rallies.
XLM Price Prediction and Current Price Momentum
According to expert technical analysis, if XLM breaks through its current resistance and closes above $0.465, it could surge by 30% to reach a 52-week high. Otherwise, consolidation and price distribution are likely to continue.
At press time, XLM is trading near the $0.45 mark with a price surge of over 4.5% in the past 24 hours. However, trading volume dropped by 40%, indicating lower participation due to price consolidation near resistance.
