Stellar (XLM) Price Prediction Today
XLM, the native token of Stellar Lumen, is poised to see significant upward momentum thanks to the overwhelming support it has received from investors in recent days. Despite the strong interest, XLM price has struggled in the days following the bull breakout.
XLM breaks out of bull market on January 15, 2025 Headstand Price action patterns. After that, the price entered a consolidation phase. Long-term holders appear to be continuing to accumulate, reports on-chain analytics firm coin glass.
$20 million worth of XLM leaked
Spot inflow and outflow analysis data shows that the exchange witnessed a significant outflow of $20 million worth of XLM in the past three days. Massive outflows following a bullish breakout are considered an ideal opportunity.
In cryptocurrencies, an outflow is when an asset moves from an exchange to a wallet, indicating potential accumulation. This could create significant buying pressure and drive prices higher.
XLM Technical Analysis and Upcoming Levels
XLM looks bullish but is currently stuck in consolidation, according to expert technical analysis. Based on recent and historical price action, if XLM breaks out of this consolidation and closes the daily candle above $0.50, it has a good chance of surging 25% to $0.65 levels in the future.
On the positive side, XLM’s relative strength index (RSI) remains below overbought territory, suggesting the asset has plenty of room for significant gains.
Current Price Momentum
At press time, XLM was trading close to $0.48, with the price surging more than 2% in the past 24 hours. Furthermore, its trading volume increased by 5% during the same period, indicating growing interest from investors and traders, which could push the price of XLM higher.
