CandleFocus Stellar’s (XLM) Resilience Sparks Investor Interest, Bullish Growth on the Horizon
2024-10-11
Author: Content Editor
The article discusses the potential for a significant bounce back for Stellar Lumens (XLM) in relation to Bitcoin. The XLM/BTC pair has shown signs of bottoming before the rest of the market and has not produced a new low in August. This could indicate that the bottom is in and XLM could see growth when Bitcoin declines or begins a bullish wave. The article also mentions the long accumulation period for XLM in 2019/2020 and suggests that the current consolidation period, coupled with similar monetary policies, may lead to a stronger bullish wave. The analyst outlines eight reasons why XLM could go higher but notes that it is hard to predict how far XLM could go due to its downtrend. However, the analyst believes that XLM could reach $2.1 or beyond in 2025. Overall, the article suggests that the XLM/BTC pair is now bullish and can be accumulated in anticipation of maximum growth.
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