🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Stellar Price Analysis: XLM Prepares for Bullish Move With Targets Up to $0.67
Stellar (XLM) has dropped 5.91% over the past week, now trading at $0.2637. Despite the decline, market watchers are focused on an emerging breakout pattern that could push the price significantly higher. Analysts believe the consolidation phase that began after the late 2024 rally may be nearing its end, with signs pointing to a possible trend reversal.
Between mid-April and early June, XLM remained range-bound between $0.24 and $0.30, creating a solid base at $0.26. Though trading volume was quiet, this stability suggests that traders have been accumulating rather than exiting positions. Every dip near the $0.26 mark has seen new buyers enter the market, maintaining the support zone.
Resistance has repeatedly blocked upward movement around $0.30. Each time the price tested that level during May, it failed to hold, triggering minor corrections. Despite this, the persistence of buyers just below that level indicates that demand still outweighs selling pressure.
Analyst Sees Upside Potential Ahead
According to the analyst, Rose Premium XLM is showing signs of a potential trend reversal as it rebounds from a key support level. The falling wedge breakout on the 4-day chart remains valid, indicating the potential for further upside.
Source: Rose Premium SignalsFibonacci retracement levels are playing a central role in the analysis, with XLM reacting near the 0.5 and 0.618 levels—both typically strong zones for trend confirmation. The chart suggests a minor pullback may occur before a potential continuation upward.
Price targets have been set at $0.4594, $0.5601, and $0.6719. These levels align with prior resistance and Fibonacci projections. According to the analyst, each level could act as a step in the recovery process if current support holds. The overall outlook remains optimistic, with bulls aiming for higher ground.
XLM Price Struggles Below EMAs
However, moving averages provide a mixed picture. XLM is currently trading below both the 20-day EMA ($0.2805) and the 50-day EMA ($0.2789). These levels will be important to watch for short-term strength. Until they are reclaimed, gains are likely to be limited.
The MACD supports the cautious outlook, with the MACD line below the signal line and both hovering just under the zero mark. This alignment reflects fading momentum and a lack of clear directional bias. Without a bullish crossover or a push above zero, it will be difficult to build strong upward momentum.
Recommended for you: