Stellar Price Gears Up for $0.63 Push as Bullish Setup Gains Strength
The post Stellar Price Gears Up for $0.63 Push as Bullish Setup Gains Strength appeared on BitcoinEthereumNews.com. TLDR: Stellar (XLM) has gained 13% in a week, now trading at $0.4513 with $423M daily volume, according to CoinGecko. Price remains inside a bullish imbalance zone between $0.40249 and $0.43606, signaling potential upside continuation. Analysts target $0.52099 to $0.63661 if XLM breaks past the current consolidation zone and daily highs. A bullish order block between $0.36180 and $0.38120 formed on August 3 remains a key demand zone for buyers. Stellar (XLM) is showing renewed strength after a sharp upward move earlier this month. The market is hinting at another breakout as traders watch a tight consolidation zone. Technical analysts believe this pause may be setting the stage for the next leg higher. According to data from CoinGecko, XLM trades at $0.4513, up 3.18% in the past 24 hours and 13.39% over the week. Trading volumes have surged to $423.1 million, showing strong participation. XLM price on CoinGecko On-chain and market charts point toward a re-accumulation phase that could lead to higher prices in the short term. CLS Global noted that price action is unfolding within a bullish imbalance zone between $0.40249 and $0.43606. This zone is often watched for price rebalancing before continuation. Price also sits just below recent daily highs, suggesting a breakout could happen if those levels are cleared. XLM Bullish Order Block and Key Demand Zone Support Outlook On August 3, XLM created a bullish order block between $0.36180 and $0.38120. Market watchers describe this as a high-probability demand zone. Price has since bounced from this area multiple times, reinforcing its importance. CLS Global observed signs of low manipulation within this range, often a signal of large players accumulating positions. The market has been consolidating here, which is typically a setup for renewed momentum. $XLM/USDT Global Outlook XLM showing signs of re-accumulation after a significant move.…
The post Stellar Price Gears Up for $0.63 Push as Bullish Setup Gains Strength appeared on BitcoinEthereumNews.com.
TLDR: Stellar (XLM) has gained 13% in a week, now trading at $0.4513 with $423M daily volume, according to CoinGecko. Price remains inside a bullish imbalance zone between $0.40249 and $0.43606, signaling potential upside continuation. Analysts target $0.52099 to $0.63661 if XLM breaks past the current consolidation zone and daily highs. A bullish order block between $0.36180 and $0.38120 formed on August 3 remains a key demand zone for buyers. Stellar (XLM) is showing renewed strength after a sharp upward move earlier this month. The market is hinting at another breakout as traders watch a tight consolidation zone. Technical analysts believe this pause may be setting the stage for the next leg higher. According to data from CoinGecko, XLM trades at $0.4513, up 3.18% in the past 24 hours and 13.39% over the week. Trading volumes have surged to $423.1 million, showing strong participation. XLM price on CoinGecko On-chain and market charts point toward a re-accumulation phase that could lead to higher prices in the short term. CLS Global noted that price action is unfolding within a bullish imbalance zone between $0.40249 and $0.43606. This zone is often watched for price rebalancing before continuation. Price also sits just below recent daily highs, suggesting a breakout could happen if those levels are cleared. XLM Bullish Order Block and Key Demand Zone Support Outlook On August 3, XLM created a bullish order block between $0.36180 and $0.38120. Market watchers describe this as a high-probability demand zone. Price has since bounced from this area multiple times, reinforcing its importance. CLS Global observed signs of low manipulation within this range, often a signal of large players accumulating positions. The market has been consolidating here, which is typically a setup for renewed momentum. $XLM/USDT Global Outlook XLM showing signs of re-accumulation after a significant move.…
What's Your Reaction?
