Stellar Lumens (XLM) is showing potential for a bullish move as it exits an accumulation phase. Technical indicators suggest that XLM is nearing the end of its correction phase and momentum is shifting in favor of the bulls. The key hurdle is breaking out of the medium-term consolidation and overcoming resistance. Currently trading at $0.477, XLM is holding above its critical support zone, with the $0.46 and $0.452 levels serving as important foundations. Traders should watch the immediate resistance at $0.486, as a breakout above this level could trigger a significant rally. Analysts are optimistic about XLM's potential, with a breakout target of $0.681 and the possibility of reaching $1.75 to $2 by late 2025. Stellar's performance is tied to Ripple's XRP, and its partnerships with MoneyGram, Circle, and central banks strengthen its position in cross-border payments and blockchain infrastructure.
- Content Editor ( finbold.com )
- 2025-01-16
Stellar (XLM) shows ‘high readiness for a bull run’