Stellar (XLM) has experienced a surge in price, rising 95.47% in the last seven days. Analysts, such as Egrag Crypto, attribute this increase to factors such as a significant capital injection, shifts in order book dynamics, and breaking through low-volume areas. Technical analyses suggest potential gains of 233% to 343% from recent levels, with Egrag predicting a cycle peak ranging from $1.50 to $3.70. Another commentator, Charting Guy, points to a bullish pattern forming on Stellar's monthly chart, which could propel the price to $3-$5. The overall sentiment is that Stellar may continue to see upward momentum and further gains in the future.
- Content Editor ( thecryptobasic.com )
- 2024-11-26
Top Analyst Explain Why XLM Gains 95% in 7 Days