Is a New All-Time High Around the Corner?
The price of XLM has surged by 120% this week and is currently trending at $0.4325. This marks a very successful bull run continuation of last week’s 81% gain.
Will an uptrend push XLM price to $1? Find out now in Coinpedia’s Stellar Lumen price analysis.
XLM price hits $0.43
On the weekly chart, XLM price trend shows three consecutive bullish engulfing candles, forming a triple bullish spike. This continuous stripe completes the triple white surge pattern.
The uptrend is currently challenging the 78.60% level ($0.4344) based on Fibonacci levels. As the bull market continues, the XLM price trend has changed in nature and is currently trending at 0.4847, the highest price since May 2021.
As the uptrend continues, the chances of XLM price hitting new all-time highs above $0.93 are increasing. With XRP and Cardano crossing the $1 mark, the chances of XLM price increasing significantly increase.
Technical pointers:
EMA: The increased bullish influence resulted in a bullish crossover within the 50-week and 100-week EMA lines. This also increases the chance of a golden cross.
MACD: The MACD and signal lines are sharply rising and the bullish histogram is surging.
What’s next for Stellar (XLM) price?
If the uptrend continues, the bulls may find upside resistance at $0.71 and $1.33. These price targets are derived from the 100% and 1.272 Fibonacci levels.
By the end of 2025, the price range could reach $2.95. On the other hand, $0.29 is a key support level on the weekly chart.
Curious about XLM price targets? Read Coinpedia’s Stellar Price Prediction Get the latest news.
FAQ
Yes, with the current uptrend and bullish indicators, there is a good chance that XLM can break above the all-time high of $0.93, especially if momentum continues above key resistance levels.
Based on Fibonacci levels, short-term targets are $0.71 and $1.33. If the bull market continues, XLM could reach a high of $2.95 by the end of 2025.
If XLM falls below the key support at $0.29, it could face a further correction that could reverse its bullish trajectory.
