XLM Soars 120%: Is a New All-Time High Around the Corner?
The post XLM Soars 120%: Is a New All-Time High Around the Corner? appeared first on Coinpedia Fintech News
With a massive jump of 120% this week, XLM’s price is now trending at $0.4325. This marks the very successful bullish continuation of the 81% surge last week.
Will the uptrend in action drive the XLM price to $1? Find out now in Coinpedia’s Stellar Lumen’s Price Analysis.
XLM Price Hits $0.43In the weekly chart, the XLM price trend shows three consecutive bullish engulfing candles, creating a triple white surge. This continuous streak completes the triple white surge pattern.
Stellar Price Analysis 23 Nov 2024
Based on the Fibonacci levels, the uptrend is now challenging the 78.60% level at $0.4344.With the ongoing bullrun, the XLM price trend has marked a change of character and is now trending at 0.4847, the highest price since May 2021.
As the uptrend continues, the chances of XLM price creating a new all-time high above $0.93 is increasing. With XRP and Cardano crossing the $1 mark, the chances of XLM price have significantly increased.
Technical pointers:
EMA: The increased bullish influence has resulted in a bullish crossover within the 50-week and 100-week EMA line. This also increases the chances of a golden crossover.
MACD: The MACD and signal lines witness a sharp uptick with skyrocketing bullish histograms.
What’s Next For Stellar (XLM) Price?If the uptrend continues, the bullrun could find upside resistance levels at $0.71 and $1.33. These price targets are derived from the Fibonacci levels of 100% and 1.272.
By the end of 2025, the price range could reach $2.95. On the flip side, $0.29 is a crucial support in the weekly chart.
Curious about the XLM price targets? Read Coinpedia’s Stellar price prediction for the latest updates.
FAQs Can XLM reach a new all-time high in this bull market?Yes, with its current uptrend and bullish indicators, XLM has a strong chance of breaking its all-time high of $0.93, especially if momentum continues above key resistance levels.
What are XLM’s short- and long-term price targets?Short-term targets are $0.71 and $1.33, based on Fibonacci levels. By the end of 2025, XLM could reach as high as $2.95 if the bull market sustains.
What happens if XLM loses support?If XLM breaks below the crucial support at $0.29, it could face further corrections, potentially reversing its bullish trajectory.