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The Stellar price prediction shows that XLM could face up, and a break above $0.100 is expected to keep the coin above the moving averages.
Stellar Prediction Statistics Data:
- Stellar price now – $0.097
- Stellar market cap – $2.85 billion
- Stellar circulating supply – 29.6 billion
- Stellar total supply – 50 billion
- Stellar Coinmarketcap ranking – #29
It’s often said that getting into a crypto project early can be highly rewarding, and Stellar (XLM) is a prime example of the dramatic gains possible in the space. Since its all-time low of $0.001227 on November 18, 2014, the token has skyrocketed by an astonishing 7770.98%, highlighting its remarkable price performance over the past decade. Even though it reached its all-time high of $0.9381 on January 4, 2018, and has since fallen by 89.7%, the current price movements show a stable range, with recent lows of $0.09617 and highs of $0.09731 in the last 24 hours. Despite market volatility, early adopters who recognized the potential at its lowest point have seen significant returns, demonstrating the importance of timing in the world of cryptocurrency.
XLM/USD Market
Key Levels:
Resistance levels: $0.115, $0.120, $0.125
Support levels: $0.080, $0.075, $0.070
XLM/USD is currently showing promising technical indicators that suggest potential price growth. The cryptocurrency recently broke out of a falling wedge pattern on its daily time frame chart. This is a bullish reversal pattern, signaling a possible shift from a downtrend to an uptrend. However, despite this breakout, XLM is facing resistance from a downtrend line that has been in place since March 29, 2024. Multiple attempts to break through this line have been unsuccessful, though the price is once again testing this resistance level.
Stellar Price Prediction: Where is XLM Price Going Next?
The Stellar price is also moving within the channel on the daily chart. A breakout toward the upper boundary of the channel could lead to a target of $0.112, marking a substantial price increase from current levels. This shows that buyers could have the upper hand in the price movement, and they could easily push the coin toward the potential resistance of $0.115, $0.120, and $0.125.
In other words, if the buying action fails to break above $0.100, XLM/USD could instead settle for consolidation. Moreover, it is about time that buyers increase their confidence in the recovery because $0.100 is still achievable. Therefore, if the bears bring the coin below the lower boundary of the channel, the support levels of $0.080, $0.075, and $0.070 could be reached.
XLM/BTC Faces the North
Against Bitcoin, XLM remains within the 9-day and 21-day moving averages preparing to touch the nearest resistance level of 170 SAT. Unless this resistance is effectively exceeded and the price eventually closes above it, there might not be any reason to expect a long-term bullish reversal.
Meanwhile, sliding toward the lower boundary of the channel could recall the lows, and a possible bearish continuation could meet the nearest support at 150 SAT before falling to 140 SAT and below. Moreover, the buyers may need to push the market toward the potential resistance level at 185 SAT and above as the 9-day MA keeps hovering 21-day MA, suggesting bullish movement.
On that note, @abermixcrypto shared his analysis with followers on X (formerly Twitter), stating that the situation with Stellar is straightforward. If the price breaks and holds above a key support level, it signals a strong uptrend. However, if the price faces a strong rejection at this level, we’ll likely see new lows ahead.
$xlm
The situation with Stellar is clear as a day.Break and hold this key level as support, and we’re going full uptrend mode.
But if the price rejects strongly, then, we’ll probably going to see new lows being made.#stellar #XLM pic.twitter.com/fuc5Z2hJed
— abermix (@abermixcrypto) September 10, 2024
Stellar Alternatives
The Stellar price is hovering around the resistance level of $0.097 after hitting a low of $0.095 during the European session, signaling potential gains toward $0.112 if momentum builds. A bullish trend could strengthen if the 9-day MA crosses above the 21-day MA. Meanwhile, Pepe Unchained, a new meme coin riding on the success of the original Pepe Coin, has gained substantial traction, raising nearly $13.4 million in its presale and maintaining an active presence on platforms like X (formerly Twitter) and Telegram.
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