Usman Salis
Stellar's price is dancing on thin ice right now, sitting right at a level that could determine its next major move. With bears pushing hard and bulls trying to hold their ground, we're about to see which side has more firepower.
XLM Fights to Hold Critical $0.39 Support Zone
Stellar (XLM) is locked in a battle at $0.3959, desperately trying to defend the crucial $0.39 support line. This isn't just any random level – it's been tested multiple times and represents the last line of defense before things could get ugly fast.
If this support crumbles, XLM could find itself tumbling toward $0.36, which would represent another significant drop for holders. The chart patterns aren't exactly screaming confidence either, with selling pressure clearly visible.
However, there's a silver lining hiding in the technical setup. A falling wedge pattern is forming, and seasoned traders know these formations often lead to explosive reversals when they finally break to the upside.
Massive XLM Price Target of $1.80 Still in Play
Here's where things get interesting – despite all the short-term drama, the long-term picture for Stellar (XLM) remains surprisingly bullish. Technical analysts have identified a bull flag breakout target sitting pretty at $1.80.
That's not a typo. We're talking about potential gains of over 350% if XLM can get its act together and start climbing again. The key is whether current support levels can hold while momentum builds for the next leg up.
Volume and RSI indicators show the market is basically holding its breath right now. It's that classic moment before either a major breakdown or a spectacular breakout. Smart money is probably positioning for both scenarios, ready to pounce whichever way the market decides to move.
Usman Salis
