Why ChatGPT Picked This Coin Over Toncoin (TON), Stellar (XLM) and Hedara (HBAR) For Top 10 Crypto Stardom
Since its breakout in November 2024, Stellar has been forming a bullish flag. The post-election rally of 600% created the flagpole, but the token has since consolidated between $0.63 and $0.25. A three-year high in December led to a 52% retracement, and February’s market correction pushed Stellar down nearly 40%, marking its lowest level since November.
Momentum returned over the weekend after announced the U.S. Crypto Strategic Reserve, prioritizing “made in the USA” cryptocurrencies like XRP, Cardano, and Solana. Following the news, Stellar jumped 25% to $0.37, testing resistance at $0.35, an important level since its Q4 2024 breakout, it has since retraced back below $0.30.
Technical analyst highlighted that Stellar’s RSI recently broke a 96-day downtrend, sparking uncertainty. He noted that Stellar’s bull flag aligns with the 1.272 Fibonacci level, which could push the price toward $2.46. The token mirrors its 2017 pattern, when it consolidated before rallying 190% to its 2018 all-time high.
