Stellar (XLM) Price Setting Up For Rally To $1.60 – Here Are The Levels To Watch
Stellar (XLM) is attempting to reclaim a recently lost price level, potentially leading to a retest of a key resistance zone. The cryptocurrency has surged 9% recently, reaching $0.30. Analysts suggest a possible 300% breakout as XLM forms a bullish pattern. Following a November 2024 breakout, XLM has consolidated between $0.63 and $0.25, experiencing a 52% decrease since its three-year high in December. Recent market movements were influenced by US President Trump's announcement of a US Crypto Strategic Reserve. XLM surged to $0.37 but struggled to maintain the $0.35 level, retracing 20% amid market fluctuations. Technical indicators show a potential bull flag targeting $2.46, reminiscent of its 2017 price behavior. Currently, Stellar trades at $0.30, reflecting a 2.4% weekly increase.
