Universe

April

Stellar

<p><a href="https://captainaltcoin.com/heres-why-holding-23800-xlm-tokens-2200-is-a-big-deal-stellar-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Stellar’s (XLM) price</a> is presently forming a descending channel on the daily time frame, and if the commodity successfully breaks through its trendline, it might signify the start of a bullish rally, according to crypto analyst Universe of Crypto.&nbsp;</p>
<p>Since early April 2024, the price of XLM has been moving in a declining channel that is marked by a string of lower highs and lower lows.&nbsp;</p>
<p>This pattern has kept the XLM’s price under downward pressure for several months. The channel’s bottom trendline has served as support, and the higher trendline has served as a crucial level of resistance.</p>
<p>As XLM approaches this channel’s upper barrier in October, there may be a chance for a breakout. If <a href="https://captainaltcoin.com/heres-why-the-bottom-is-in-for-stellar-against-bitcoin-xlm-btc-top-trader/" target="_blank" rel="noopener noreferrer nofollow">Stellar</a> breaks over this barrier, it might signal that its protracted downward trend is coming to an end. This level is being watched by traders since a breakout might lead to additional gains.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="stellar-xlm-price-potential-breakout-and-retest-scenario">Stellar (XLM) Price Potential Breakout and Retest Scenario</h2>
<p>The analyst mentioned that a successful breakout from the descending channel would likely be followed by a retest of the former resistance level. This retest is an important technical move, as it confirms whether the resistance has turned into support. If XLM holds this level after the retest, it could trigger a strong.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="616" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-1024x616.png" alt="" class="wp-image-568367" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-1024x616.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-300x180.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-766x461.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-1536x924.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-2048x1232.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-249x150.png 249w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-582x350.png 582w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657-788x473.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-657.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/UniverseCrypto7/status/1846848845180781024" target="_blank" rel="noopener noreferrer nofollow">X/UniverseOfCrypto</a></em></strong>
 </figcaption>
</figure>
<p>The XLM chart also projects an upward move of over 50% if the breakout is confirmed. The price target for this rally is near $0.150, a previous key level that acted as resistance in April 2024.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/where-is-the-bittensor-tao-price-headed-next/" target="_blank" rel="noopener noreferrer nofollow">Where is the Bittensor (TAO) Price Headed Next?</a></em></strong></p>
<h2 class="wp-block-heading" id="support-and-resistance-levels">Support and Resistance Levels</h2>
<p>Currently, XLM has strong support around $0.090, the lower boundary of the descending channel, which has held the price in check during previous declines.&nbsp;</p>
<p>On the upside, the immediate resistance lies near the $0.095-$0.100 region, with the next major hurdle expected around $0.150, where <a href="https://coinmarketcap.com/currencies/stellar/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price</a> could face renewed selling pressure if the rally is sustained.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/stellar-xlm-price-set-to-explode-key-breakout-signals-huge-gains/" rel="noopener noreferrer nofollow">Stellar (XLM) Price Set to Explode? Key Breakout Signals Huge Gains!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stellar (XLM) Price Set to Explode? Key Breakout Signals Huge Gains!

Table of Contents

CaptainAltcoin

Other articles published on Oct 17, 2024

Altcoin Hunter Strikes Big with $5.46 Million in Gains!

WATCoin price soars 40% following Animoca Brands’ pledge to buy more tokens

Crypto VC-Linked Entity Loses $36M to Phishing Attack - Report

Binance's 60th Launchpool Project: What is Scroll?

Nigeria’s Trade Lenda makes the semi-finals of the $1m Milken-Motsepe Prize in FinTech

VanEck Expands into Venture Capital with $30M Fund for Fintech, Blockchain, and AI

Join our free newsletter for daily crypto updates!