|

XLM Price Prediction: Stellar future is decided by these two key levels

  • On the 4-hour chart, Stellar price has formed a massive symmetrical triangle pattern.
  • XLM is on the verge of a colossal 45% move decided by two levels.
  • The digital asset will see a significant breakout or breakdown within the next three days.

XLM has been under a massive consolidation period since the beginning of February and it’s on the verge of a colossal 45% move. The trading volume of Stellar has dropped significantly which indicates that it is ready for the next transition.

Stellar price on the verge of a 45% move

On the 4-hour chart, the most critical pattern is the symmetrical triangle formed between the upper trendline at $0.43 and the lower boundary at $0.37. These are the two most important levels for XLM.

xlm price

XLM/USD 4-hour chart

A breakout above the upper resistance level at $0.43 would drive Stellar price towards $0.62, a new 2021-high. XLM is currently trading at $0.415, closer to a breakout than a breakdown, giving better odds to the bulls. 

On the other hand, if the resistance level at $0.43 rejects Stellar, the digital asset will fall towards the lower boundary at $0.37. A breakdown below this point should also push Stellar price by 45% down to $0.2.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Hyperliquid price forecast: Bullish interest builds amid user recovery

Hyperliquid (HYPE) trades at $25 at press time on Monday, holding the 3% gains from the previous day. The perpetual exchange sees a recovery in active users, while weekly fees collected decline to the lowest level so far this month.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple eye breakout for fresh recovery

Bitcoin, Ethereum, and Ripple are approaching key technical levels on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve decisive daily closes above nearby resistance levels.

Top Crypto Gainers: Audiera, Midnight, MemeCore sustain weekend gains

Audiera (BEAT), Midnight (NIGHT), and MemeCore (M) recorded double-digit gains on Sunday and remain top performers over the last 24 hours. Audiera extends the rally while Midnight takes a breather, and MemeCore struggles at a crucial moving average. 

Cardano Price Forecast: ADA suffers from $900 million loss realization as prices bounce near $0.34

Loss realization among Cardano (ADA) holders increased sharply in December, marking one of its heaviest capitulation months since 2023. Since the beginning of the month, investors have realized over $900 million in losses as of Friday.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.