XLM Price Prediction, Could Stellar Hit $2? Expert Insights
Author: Content Editor
The recent price decline of Stellar's native token, XLM, is seen as a temporary setback towards its predicted increase in value. Despite a recent surge of over 5%, XLM's trading volume has dropped, indicating lower participation from traders and investors. Technical analysis suggests bullish price action, with the potential for a breakout and a rise to the $0.63 level, and even potentially reaching $3.04 in the future. On-chain metrics indicate a significant outflow of XLM from exchanges to wallets, signaling bullish sentiment and a potential buying opportunity.