Stellar prices analysis (XLM): a race at $ 0.38 on the horizon? appeared first on Coinpedia Fintech News
Stellar, a leading player in the cross -border payment space, is now changing hands at $ 0.2646. With a market capitalization of $ 8.24 billion and a daily negotiation volume of $ 130.88 million, the token shows early signs of renewed interest. After a prolonged downward trend in a descending channel, XLM broke above this structure and is now consolidated just above the old resistance.
The increase in the volume of XLM indicates a growing interest among market players, in particular because the price remains closely linked between $ 0.2626 and $ 0.2677. The increase in the volume of 24 hours also supports the theory of the construction momentum, while the price stability above the region of 0.26 reflects the confidence of the trader in the current level. So where could the XLM price then? Read this stellar price analysis (XLM) for potential price objectives.
XLM price analysis
The daily price table shows that XLM was decisively emerging from a descending channel, a bullish technical development. The token now retains the rupture area and is consolidated above its SMA at 9 days at $ 0.2762. This suggests a healthy retain rather than a failed break.
Resistance is $ 0.3, a psychological and structural barrier. A successful closure above this brand would open the door for the next major resistance to $ 0.38. On the loser side, the key support is at $ 0.2228. If the bears regain control and break below this level, Stellar could review the previous stockings.
Considering the stack of XLM but do you worry about its yields? Read our Stellar price prediction (XLM) 2025, 2026-2030!
Faq
Stellar shows early bull signs, after having burst out a downhill channel and holding above the key support.
Immediate resistance is found $ 0.3followed by a stronger area $ 0.38.
The accumulation above the escape level suggests an increasing bullish interest, but confirmation greater than $ 0.3 would provide a clearer input signal.
