XLM Price Eyes $1 Target After Holding Support and Building Upward Momentum

The post XLM Price Eyes $1 Target After Holding Support and Building Upward Momentum appeared on BitcoinEthereumNews.com. Stellar (XLM) maintained its upward structure after defending a crucial support area, attracting attention from traders targeting higher price levels. The asset’s recent consolidation phase has allowed it to gather momentum, with analysts pointing to $1 as a potential milestone if current conditions persist. Price action is now approaching a key resistance level that could determine the next significant move. Analyst Identifies Breakout Levels for Long-Term Gains In a recent X post, analyst Crypto Patel projected that XLM could set its next targets at $1, provided the present momentum continues. The two-week chart shared by the analyst highlights the 0.618 Fibonacci retracement level at $0.20 as a strong demand zone. Since holding this level, the asset has advanced toward the $0.58 resistance, regarded as the breakout point for further upward movement. Source: X Key support is identified between $0.25 and $0.20, with $0.58 as the critical threshold for a potential rally toward $1. The analysis also notes a 700% year-over-year gain, underscoring high volatility alongside a bullish market structure as long as the price remains above the $0.20 area. The projection outlines a continuation of the bullish pattern if resistance is breached. Such a breakout could position the asset for a new all-time high, with sentiment supported by the resilience of the established support levels. Market Data Reflects Stable Liquidity and Trading Range Additionally, BraveNewCoin data shows the price at $0.4536, reflecting a 1.61% decline in the past 24 hours. Market capitalization is estimated at $14.18 billion, ranking Stellar 15th among cryptocurrencies. The daily trading volume is approximately $508.67 million, with a circulating supply of about 31.28 billion tokens, indicating healthy liquidity for active trading. Source: BraveNewCoin Over the past day, the price has traded between $0.44 and $0.47, with notable intraday fluctuations but no significant directional breakouts. The most…

Aug 10, 2025 - 09:00
 0  1
XLM Price Eyes $1 Target After Holding Support and Building Upward Momentum

The post XLM Price Eyes $1 Target After Holding Support and Building Upward Momentum appeared on BitcoinEthereumNews.com.

Stellar (XLM) maintained its upward structure after defending a crucial support area, attracting attention from traders targeting higher price levels. The asset’s recent consolidation phase has allowed it to gather momentum, with analysts pointing to $1 as a potential milestone if current conditions persist. Price action is now approaching a key resistance level that could determine the next significant move. Analyst Identifies Breakout Levels for Long-Term Gains In a recent X post, analyst Crypto Patel projected that XLM could set its next targets at $1, provided the present momentum continues. The two-week chart shared by the analyst highlights the 0.618 Fibonacci retracement level at $0.20 as a strong demand zone. Since holding this level, the asset has advanced toward the $0.58 resistance, regarded as the breakout point for further upward movement. Source: X Key support is identified between $0.25 and $0.20, with $0.58 as the critical threshold for a potential rally toward $1. The analysis also notes a 700% year-over-year gain, underscoring high volatility alongside a bullish market structure as long as the price remains above the $0.20 area. The projection outlines a continuation of the bullish pattern if resistance is breached. Such a breakout could position the asset for a new all-time high, with sentiment supported by the resilience of the established support levels. Market Data Reflects Stable Liquidity and Trading Range Additionally, BraveNewCoin data shows the price at $0.4536, reflecting a 1.61% decline in the past 24 hours. Market capitalization is estimated at $14.18 billion, ranking Stellar 15th among cryptocurrencies. The daily trading volume is approximately $508.67 million, with a circulating supply of about 31.28 billion tokens, indicating healthy liquidity for active trading. Source: BraveNewCoin Over the past day, the price has traded between $0.44 and $0.47, with notable intraday fluctuations but no significant directional breakouts. The most…

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