XLM News Today: Stellar Holds at $0.36 as Falling Wedge Signals Breakout Setup
The post XLM News Today: Stellar Holds at $0.36 as Falling Wedge Signals Breakout Setup appeared on BitcoinEthereumNews.com. Stellar has been consolidating inside a descending wedge pattern that traders often view as a bullish reversal. With price action tightening for several months, analysts are closely monitoring resistance at the upper boundary. At $0.36, the token trades near a key inflection point, where a breakout could set the stage for the next major rally. Wedge Formation Builds Anticipation According to analyst Steph Is Crypto on X, the wedge structure signals a potential breakout that could drive Stellar toward the $0.55–$0.70 range in the coming months. The chart highlights two converging trendlines, with price repeatedly rejecting resistance yet holding support, reflecting steady coiling action before a decisive move. A dotted line on the analyst’s projection outlines a breakout trajectory, fueling optimism that the July rally may resume. Source: X This setup echoes historical cases where descending wedge breakouts often trigger sharp upward expansions as bearish exhaustion gives way to renewed buyer interest. The analysis stresses the importance of confirmation with a daily close above the wedge, as false breakouts remain a common risk. If resistance is breached, momentum could quickly swing in favor of bulls with volatility climbing significantly. Market Data Shows Stability Additional data from BraveNewCoin highlights strong fundamentals underpinning Stellar. The asset currently trades at $0.36 with a market cap of $11.58 billion and a 24-hour trading volume of about $214.8 million. While down 0.22% over the last day, liquidity remains robust, ensuring continued participation across global exchanges. Source: BraveNewCoin The available supply stands at 31.8 billion tokens, balancing accessibility with established scarcity in the market. Daily trading averages show consistent turnover, helping stabilize price action even during consolidation phases. Forecasts for September 2025 point to a narrow trading range between $0.35 and $0.37, maintaining stability within a key accumulation zone. By December, expectations place the average price…
The post XLM News Today: Stellar Holds at $0.36 as Falling Wedge Signals Breakout Setup appeared on BitcoinEthereumNews.com.
Stellar has been consolidating inside a descending wedge pattern that traders often view as a bullish reversal. With price action tightening for several months, analysts are closely monitoring resistance at the upper boundary. At $0.36, the token trades near a key inflection point, where a breakout could set the stage for the next major rally. Wedge Formation Builds Anticipation According to analyst Steph Is Crypto on X, the wedge structure signals a potential breakout that could drive Stellar toward the $0.55–$0.70 range in the coming months. The chart highlights two converging trendlines, with price repeatedly rejecting resistance yet holding support, reflecting steady coiling action before a decisive move. A dotted line on the analyst’s projection outlines a breakout trajectory, fueling optimism that the July rally may resume. Source: X This setup echoes historical cases where descending wedge breakouts often trigger sharp upward expansions as bearish exhaustion gives way to renewed buyer interest. The analysis stresses the importance of confirmation with a daily close above the wedge, as false breakouts remain a common risk. If resistance is breached, momentum could quickly swing in favor of bulls with volatility climbing significantly. Market Data Shows Stability Additional data from BraveNewCoin highlights strong fundamentals underpinning Stellar. The asset currently trades at $0.36 with a market cap of $11.58 billion and a 24-hour trading volume of about $214.8 million. While down 0.22% over the last day, liquidity remains robust, ensuring continued participation across global exchanges. Source: BraveNewCoin The available supply stands at 31.8 billion tokens, balancing accessibility with established scarcity in the market. Daily trading averages show consistent turnover, helping stabilize price action even during consolidation phases. Forecasts for September 2025 point to a narrow trading range between $0.35 and $0.37, maintaining stability within a key accumulation zone. By December, expectations place the average price…
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