Trading around $0.4465, Stellar has caught analysts' attention with encouraging chart patterns. A analysis highlighted two key bullish formations: an inverted head and shoulders pattern paired with a flag and pole setup.
These time-tested patterns often precede major price moves. The inverted head and shoulders is considered one of the most reliable reversal signals, suggesting the consolidation phase might be ending.
Stellar has cleanly maintained support at $0.4280 and $0.3747, creating a solid foundation. As long as these levels hold, the bullish outlook remains intact.
XLM Price Targets Point to 26% Gains
According to the technical breakdown, a breakout could trigger a 0.1240 move (26.76% gain), pushing XLM toward $0.60. Beyond that, the next major resistance sits at $0.7071.
Surging trading activity suggests market participants are positioning for a significant breakout. With crypto markets showing renewed strength, many traders believe XLM is ready to break from its sideways range into a stronger upward phase.
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XLM Coin Price Ready to Explode? Technical Patterns Signal 26% Rally Ahead
Stellar's recent price action has crypto traders buzzing as multiple bullish formations align to suggest significant upside potential ahead.
Stellar (XLM) Price Breaks Critical Technical Patterns
Trading around $0.4465, Stellar has caught analysts' attention with encouraging chart patterns. A analysis highlighted two key bullish formations: an inverted head and shoulders pattern paired with a flag and pole setup.
These time-tested patterns often precede major price moves. The inverted head and shoulders is considered one of the most reliable reversal signals, suggesting the consolidation phase might be ending.
Stellar has cleanly maintained support at $0.4280 and $0.3747, creating a solid foundation. As long as these levels hold, the bullish outlook remains intact.
XLM Price Targets Point to 26% Gains
According to the technical breakdown, a breakout could trigger a 0.1240 move (26.76% gain), pushing XLM toward $0.60. Beyond that, the next major resistance sits at $0.7071.
Surging trading activity suggests market participants are positioning for a significant breakout. With crypto markets showing renewed strength, many traders believe XLM is ready to break from its sideways range into a stronger upward phase.