Stellar (XLM) Integration: Big Prices Ahead

Sub Levels

Stellar (XLM) Price Breaks Above Long-Term and Short-Term Diagonal Resistance Levels, A positive sign for future prices. What will be the future price of XLM?

XLM has numerous bullish signals on various timeframes, indicating that the trend is bullish and a significant price increase could follow soon.

Stellar’s value has risen steadily since the beginning of the year, with a notable breakthrough in January. When the price breaks through the descending resistance line that has continued from the all-time high at that time. A breakout from such a long-term structure is often followed by a significant uptrend as it signals the end of the correction.

After confirming resistance as support (indicated by the green icon), the price of XLM has broken out of the longstanding resistance of $0.100. It shows a positive trend for buyers. If the price continues to rise, the next resistance level is likely to be $0.235. This is depicted on the chart.

Stellar (XLM) Price Breakout XLM Price Prediction
XLM/USDT daily chart.Source: Trading View

The weekly Relative Strength Index (RSI) also supports the continued rise, crossing the 50 level (denoted by the black icon). The RSI is a tool that helps traders understand if an asset is overvalued or undervalued by measuring how quickly prices change. Additionally, look at how fast prices are moving recently to determine the right time to buy or sell. A move above 50 indicates that there is momentum among buyers.

XLM Price Prediction: Wave Count Supports Increasing

The price trend daily technical analysis confirms the positive stellar price forecast made by the weekly analysis. Therefore, it bodes well for future prices. On March 21st, the price broke through the downside resistance and climbed to an annual high of $0.114 on April 1st.

Using Elliott Wave theory, the year-to-date price rally was part of a 5-wave pattern, and the current price could be in wave 3 (white). Short-term subwave counts are shown in black. The fact that the third wave is longer than the first supports the idea that the uptrend is impulsive.

Elliott Wave Theory is a tool used by technical analysts. Essentially, it looks for repeated long-term price patterns and investor sentiment to determine trend direction.

Therefore, the next target for the top is the average price of $0.121. This gives waves 1 and 3 a Fib ratio of 1:1.61. Fibonacci retracement levels act as a series of horizontal lines derived from the Fibonacci sequence. These indicate key areas of support and resistance that you may encounter. Therefore, the overall price rally may end near the resistance area with an average price of $0.150.

Stellar (XLM) Price Prediction XLM Price Prediction
XLM/USDT daily chart.Source: Trading View

Ultimately, the most likely XLM price prediction is to move up towards the next resistance at $0.150. However, if the price breaks below Subwave’s single high of $0.099 (marked by the red line), it could be voided. In that case, the XLM price could drop to $0.070.

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In line with Trust Project guidelines, this pricing analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto strives to produce accurate and unbiased reports, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decisions.

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