bullish

Dark

Stellar

<p>Crypto analyst Dark Defender shared on X (formerly Twitter) that <a href="https://captainaltcoin.com/why-is-stellar-xlm-price-up-2/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price</a> is currently in its third wave of a bullish Elliott Wave structure. The price is steadily approaching its ultimate resistance at $0.641036, which, if breached, could unlock further upward momentum.</p>
<p>Dark Defender explained that XLM’s current price action targets $2.8444 in the coming waves, reflecting substantial growth potential. The analyst also emphasized XLM’s impressive performance in November, marking it as a pivotal period for the token.</p>
<h2 class="wp-block-heading" id="xlm-chart-analysis-elliott-wave-analysis-and-key-resistance-levels">XLM Chart Analysis: Elliott Wave Analysis and Key Resistance Levels</h2>
<p>The provided chart showcases Stellar’s progression through a textbook Elliott Wave pattern. After completing an ABC corrective structure,<a href="https://captainaltcoin.com/this-stellar-xlm-price-pattern-could-lead-to-a-50x-rally/" target="_blank" rel="noopener noreferrer nofollow"> XLM</a> initiated a bullish trend marked by Wave (1), followed by a minor correction in Wave (2). Waves (3) and (5) project significant upward movement, with Wave (3) expected to test the resistance line at $0.641036.</p>
<p>Breaking this resistance would signal the reversal of XLM’s long-term bearish trend. Wave (5) is projected to push XLM to its target price of $2.8444. The Ichimoku Cloud on the chart further confirms bullish sentiment, as XLM has moved above the cloud, signaling a potential breakout.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="611" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-1024x611.png" alt="" class="wp-image-586871" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-1024x611.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-767x458.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-1536x917.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-2048x1223.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-251x150.png 251w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-586x350.png 586w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807-788x470.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-807.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/DefendDark/status/1860401886127341836" target="_blank" rel="noopener noreferrer nofollow">X/DarkDefender</a></em></strong>
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<h2 class="wp-block-heading" id="rsi-momentum-and-market-sentiment">RSI Momentum and Market Sentiment</h2>
<p>The Relative Strength Index (RSI) indicates increasing momentum, aligning with the token’s recent bullish performance. However, the RSI approaching overbought levels suggests caution as XLM nears the resistance zone.</p>
<p>Adding to the enthusiasm, another crypto influencer, XRPBags, shared that “$XLM is about to break into the top 10!! New All Time High Next?!?” This sentiment reflects growing optimism within the crypto community about XLM’s trajectory.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XLM</a> about to break into the top 10!! <br><br>New All Time High Next !?!? <a href="https://t.co/CPnujJoVkD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/CPnujJoVkD</a></p>— XRP Bags <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f468-1f3fd-200d-1f680.png" alt="👨🏽‍🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> BagMan (@XRPBags) <a href="https://twitter.com/XRPBags/status/1860525582397927811?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 24, 2024</a>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ripple-lawyer-hints-at-victory-against-sec-teams-resilience-paved-the-way/" target="_blank" rel="noopener noreferrer nofollow">Ripple Lawyer Hints at Victory Against SEC: Team’s Resilience ‘Paved the Way’</a></em></strong></p>
<h2 class="wp-block-heading" id="price-target-and-future-prospects">Price Target and Future Prospects</h2>
<p>Breaking the $0.641036 resistance is essential for <a href="https://coinmarketcap.com/currencies/stellar/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price</a> to maintain its upward momentum. Failure to do so could lead to a retracement, with support zones marked by the Ichimoku Cloud and prior low points near Wave (2). Nevertheless, if the resistance is breached, the projected price target of $2.8444 could position XLM as a major contender in the crypto market.</p>
<p>With its recent performance and growing community interest, Stellar’s journey toward a potential all-time high remains one to watch closely.</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>
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<p>The post <a href="https://captainaltcoin.com/is-stellar-xlm-price-about-to-skyrocket-analyst-predicts-a-massive-bull-run/" rel="noopener noreferrer nofollow">Is Stellar (XLM) Price About to Skyrocket? Analyst Predicts a Massive Bull Run!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Stellar (XLM) Price About to Skyrocket? Analyst Predicts a Massive Bull Run!

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