- Stellar (XLM) is showing strong bullish signals with a breakout from key technical patterns, targeting a potential 126% surge to $0.68.
- Confirmation above the $0.3021 resistance could pave the way for further gains, supported by rising volume, open interest, and momentum indicators.
Stellar (XLM) is flashing powerful bullish signals, with a potential 126% price surge toward $0.68 now firmly on the radar. As analysts track key technical formations and increasing market momentum, XLM appears poised for a strong upward move.
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Bull Flag and Descending Channel Breakout Support Uptrend
XLM recently broke out of a bull flag formation — a classic bullish continuation pattern marked by a sharp upward move followed by a brief consolidation. This breakout, along with a break above a long-standing descending channel, suggests that Stellar’s bearish phase may be over.
Analyst JavonTM1 has identified $0.681 as the primary breakout target, implying a 126% upside from current levels. If this threshold is breached, the next major resistance could be $1.29 — a level not seen since early bull cycles.
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Inverse Head and Shoulders Signals Trend Reversal
Further boosting confidence is the formation of an inverse head and shoulders — a pattern often preceding major trend reversals. The neckline of this setup sits around $0.30. Market analyst Ali reports that XLM is currently testing this critical resistance. A daily close above $0.3021 would confirm the breakout and open the door to near-term targets of $0.324, $0.341, $0.357, and $0.390.
Volume, RSI, and MACD Support the Bullish Case
Momentum indicators are aligning with price action. The RSI remains firm at 64, indicating building strength without entering overbought territory. Meanwhile, the MACD is nearing a bullish crossover, hinting at continued upward pressure if confirmed.
Futures Market Reflects Growing Confidence
Futures data from Coinglass reveals a steady rise in open interest alongside XLM’s price. This combination often indicates new money entering the market and growing trader optimism. Open interest has climbed consistently since March — mirroring previous bullish runs — and may reinforce the path toward $0.40, then $0.68.
With several bullish patterns in play — including a confirmed bull flag, descending channel breakout, and an emerging inverse head and shoulders — Stellar appears to be setting the stage for a significant rally. A close above $0.3021 could act as a trigger point, shifting sentiment and driving prices toward $0.68 and potentially beyond.
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