The post Stellar (XLM) Signals Recovery: Bullish Reversal to $0.3 Soon? appeared first on Coinpedia Fintech News
Stellar has been making strides that are not going unnoticed. This time around it is providing instant payment remittance services in Malaysia. This further highlights Stellar’s ongoing expansion into real-world utility and cross-border financial infrastructure. Successively, XLM is now a coin to watch closely. Let us analyze its current technical setup and derive Stellar (XLM) price analysis.
Stellar (XLM) Price Analysis:
Stellar (XLM) is currently changing hands at $0.2882, although up 1.76% in the past 24 hours, it still remains down 7.65% over the past week. Despite the recent plunge, the rebound from the 200-day moving average is a bullish sign. Historically, this MA acts as a strong dynamic support, and price bouncing from this zone often signals the end of short-term bearish trends.
Looking at the 4-hour XLM price chart, the altcoin is pushing above the 9-D SMA, another early indication of bullish momentum. That’s not all, the RSI at 51.34, breaking above the midline, suggests growing buying pressure after a bearish phase.
Moving toward its forecast, XLM is currently ranging between a key support at $0.20 and a resistance at $0.35. Considering the aforementioned developments, if the altcoin runs out of steam, it could tumble down to $0.26. However, if the breakout gains traction, the $0.30 mark could be on the horizon, before a leg-up to $0.35. That being said, it could average out at $0.28.
Also, check out our Stellar (XLM) Price Prediction 2025, 2026-2030 for long-term price targets!
FAQs
Considering the technicals and developments, XLM looks promising for short-term gains. A confirmed breakout above $0.30 would strengthen the bullish scenario.
A break below $0.26 and declining RSI back under 50 could invalidate the short-term bullish structure.
The price of 1 Stellar (XLM) coin at the time of press is $0.2882, with an intraday gain of 1.76%.