Stellar XLM Signals Recovery: Bullish Reversal to $0.3 Soon?
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) 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!
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%.
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