Peter Smith
Stellar's been quietly building something special on the charts, and crypto traders are starting to take notice. After years of consolidation, XLM looks like it's finally ready to make its next big move. Here's why $2.15 might not be as crazy as it sounds.
Stellar (XLM) Price Nears Key Technical Breakout
Stellar's been hanging out inside a massive ascending triangle for what feels like forever—and that's actually a good thing. This pattern is basically crypto's way of saying "get ready for liftoff," especially when it plays out on longer timeframes like we're seeing here.
Right now, XLM is trading around $0.39, dancing right at that crucial resistance line that's been capping prices for months. According to crypto analyst @CryptostarExper, this consolidation might finally be reaching its breaking point.
If the bulls can punch through this resistance, we're looking at a potential moonshot toward $2.15. That target comes from Fibonacci extension levels, specifically the 1.618 level that often acts like a magnet for breakout moves.
XLM Price Resistance and Support Levels
The setup is pretty straightforward: break above $0.39 cleanly, and the next stop could be $1.00 before ultimately reaching that $2.15 target. But crypto being crypto, it's not guaranteed to be a straight line up.
If Stellar fails to crack this resistance and gets rejected hard, we could see a trip back to previous support levels. That would basically kill the bullish thesis and send XLM back to the drawing board.
Here's what makes this setup even more interesting—the weekly charts are showing a golden cross between the 50-week and 200-week moving averages. In crypto land, that's like getting a green light from the universe that bigger moves might be coming.
Plus, XLM has been printing higher lows since 2020, which shows the underlying trend is still pointing up despite all the sideways action we've seen lately.
If Stellar can hold its momentum above $0.39 and the broader altcoin market keeps recovering, that $2.15 target starts looking pretty realistic. Traders are glued to their screens right now because whatever happens next could set XLM's course for the next year or two.
Peter Smith
