random

Stellar

<p>Stellar (XLM), a cryptocurrency often linked to Ripple Labs’ XRP, has been making waves in the crypto market. Its price has jumped by 25% recently and has climbed over 160% since Donald Trump’s reelection.</p> 
<p>The recent price jump is not just a random market fluctuation. According to a report from EGRAG CRYPTO, an Adam and Eve pattern is shown on the XLMUSD chart. This pattern has a 70% chance of leading to an upward price breakout.</p> 
<p>The analyst predicts Stellar could reach a market cap of $100-150 billion, with even bigger growth possible in the future. “Think a $100-150B market cap for XLM sounds big? Just wait,”&nbsp; he said.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="708" height="788" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr.jpg" alt="Source: X" class="wp-image-839482" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr.jpg 708w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr-270x300.jpg 270w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr-150x167.jpg 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr-300x334.jpg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagetJgDPr-696x775.jpg 696w" sizes="auto, (max-width: 708px) 100vw, 708px">
  <figcaption class="wp-element-caption">
   Source: X
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 </figure>
</div> 
<p>Currently, the token is up 19% recorded in a single day to $0.2 with a 20% surge in market cap to $7.3 billion.&nbsp; However, trading activities have dropped by 26% now at $2.13 billion, according to&nbsp;coinmartketcap.</p> 
<h2 class="wp-block-heading" id="h-xlmusd-technical-analysis"><strong>XLMUSD Technical Analysis</strong></h2> 
<p>Stellar recently broke out of a price range it had been stuck in for months. It moved past $0.097 on November 7, hitting $0.243 in one trading day, a 73% increase. Analysts also noticed a “golden cross” which occurs when the 50-day moving average crosses over the 200-day moving average giving a signal that often predicts long-term growth.</p> 
<p>However, not all signals are positive. Stellar’s Relative Strength Index (RSI), which measures whether a coin is overbought or oversold, reached 81—its highest level since February 2021. An RSI above 70 often means prices could slow down or reverse.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="565" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-1024x565.jpg" alt="XLMUSD Price Chart | Source:&nbsp;TradingView" class="wp-image-839487" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-1024x565.jpg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-300x166.jpg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-768x424.jpg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-1536x848.jpg 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-150x83.jpg 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-696x384.jpg 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB-1068x589.jpg 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagentNyMB.jpg 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   XLMUSD Price Chart | Source:&nbsp;TradingView
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<p>Despite this, past trends give hope. In 2021, Stellar’s price increased by 900% within six months after its RSI reached similar levels. If this pattern repeats, XLM could continue climbing while repeating history. This could mean greater gains for XLM in the near future.</p> 
<h2 class="wp-block-heading" id="h-analyst-insight-on-stellar-xlm-price-trend"><strong>Analyst Insight on Stellar (XLM) Price Trend</strong></h2> 
<p>Crypto analyst Egrag Crypto has pointed out in his post on x (Formerly known as Twitter) the Adam &amp; Eve pattern shown for the XLM/USD monthly chart. This analyst believes the recent surge is a sign of even bigger things to come, breaking free of the resistance pointed out by other analysts.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="680" height="297" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagec2uY0U.jpg" alt="Source:&nbsp;EGRAG CRYPTO" class="wp-image-839492" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagec2uY0U.jpg 680w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagec2uY0U-300x131.jpg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagec2uY0U-150x66.jpg 150w" sizes="auto, (max-width: 680px) 100vw, 680px">
  <figcaption class="wp-element-caption">
   Source:&nbsp;EGRAG CRYPTO
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 </figure>
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<p>At the same time, he pointed out&nbsp;<a href="https://www.thecoinrepublic.com/2024/07/31/stellars-breakout-sparks-xlm-price-ready-for-50-surge/">XLM</a>&nbsp;reaching over $100 to 150B market cap. He believes the stellar network is ready to play a key role in global finance, offering fast, low-cost transactions that could change the traditional banking system</p> 
<p>Adding to Egrag’s position on the market, another crypto analyst CryptoMichNL on X recently posted a tweet stating that stellar is firmly in a bull cycle, just like many other altcoins in the current market. </p> 
<p>He noted that XLM has flipped key resistance levels to a support level giving it more confirmation for a bullish movement. CryptoMichNL specifically highlighted price areas around 1600 and 2000 sats as targets for the next phase of growth.</p> 
<p>For now,&nbsp;<a href="https://www.thecoinrepublic.com/2024/07/13/stellar-price-sees-breakout-is-xlm-ready-to-rally/">XLM’s rise</a>&nbsp;is exciting investors who see the possibility of big profits. Many are watching closely while analyzing the market to see if this upward trend will continue and lead to a massive breakout for or reversal in price of Stellar.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/19/stellar-xlm-price-jumps-25-analyst-hints-at-potential-breakout/">Stellar (XLM) Price Jumps 25%, Analyst Hints At Potential Breakout</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Stellar (XLM) Price Jumps 25%, Analyst Hints At Potential Breakout

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