Stellar (XLM) Price Prediction: Can XLM Hold $0.27 and Target $0.86?
The post Stellar (XLM) Price Prediction: Can XLM Hold $0.27 and Target $0.86? appeared on BitcoinEthereumNews.com. Key Insights: If $0.27 is not supported, XLM price could drop by around 14% to $0.23. $0.60, $0.64, and $0.86 mark the long-term targets after the falling wedge breakout. Bullish momentum can be expected if the $0.27 trading level holds after the MACD crossover. Stellar (XLM) price stands at a crucial stage, as it could correct strongly or see a big breakout. According to the latest technical analysis, there are mixed signals, showing potential short-term risks but still indications of bullishness in the long term. Many traders are focusing on specific levels in the market before the next significant change. Stellar (XLM) Price $0.27 Support Must Hold to Prevent 14% Correction Analyst Ali Martinez has recently pointed out that support at $0.27 is very important for Stellar price. His 4-hour chart indicates that if this level fails to hold, there could be a 14% drop to $0.23. XLM chart revealed that the price was rising within a channel, and $0.27 was a key level of support. However, if the support at $0.24 fails, the price could fall to $0.23, making a sharp move that would test the base of this channel. Source: Ali Martinez, X Interestingly, this support is crucial, as it nearly touches the lower edge of the trendline. If the price doesn’t stay above the trendline, it could signal an upcoming bearish movement and falling prices. However, if $0.21 holds, Stellar price could see another rally toward $0.30 in the forthcoming days. Wedge Breakout Sets Up Long-Term Bullish Reversal The market may be cautious now, but the longer-term outlook is positive. Recently, Rose Premium Signals indicated that Stellar price has moved past a falling wedge formation on the weekly chart. Notably, this pattern usually indicates that a long-term downtrend has ended and a new uptrend may be underway. According to the analysis,…
The post Stellar (XLM) Price Prediction: Can XLM Hold $0.27 and Target $0.86? appeared on BitcoinEthereumNews.com.
Key Insights: If $0.27 is not supported, XLM price could drop by around 14% to $0.23. $0.60, $0.64, and $0.86 mark the long-term targets after the falling wedge breakout. Bullish momentum can be expected if the $0.27 trading level holds after the MACD crossover. Stellar (XLM) price stands at a crucial stage, as it could correct strongly or see a big breakout. According to the latest technical analysis, there are mixed signals, showing potential short-term risks but still indications of bullishness in the long term. Many traders are focusing on specific levels in the market before the next significant change. Stellar (XLM) Price $0.27 Support Must Hold to Prevent 14% Correction Analyst Ali Martinez has recently pointed out that support at $0.27 is very important for Stellar price. His 4-hour chart indicates that if this level fails to hold, there could be a 14% drop to $0.23. XLM chart revealed that the price was rising within a channel, and $0.27 was a key level of support. However, if the support at $0.24 fails, the price could fall to $0.23, making a sharp move that would test the base of this channel. Source: Ali Martinez, X Interestingly, this support is crucial, as it nearly touches the lower edge of the trendline. If the price doesn’t stay above the trendline, it could signal an upcoming bearish movement and falling prices. However, if $0.21 holds, Stellar price could see another rally toward $0.30 in the forthcoming days. Wedge Breakout Sets Up Long-Term Bullish Reversal The market may be cautious now, but the longer-term outlook is positive. Recently, Rose Premium Signals indicated that Stellar price has moved past a falling wedge formation on the weekly chart. Notably, this pattern usually indicates that a long-term downtrend has ended and a new uptrend may be underway. According to the analysis,…
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