Mike

CRYPTO

Stellar

Renowned cryptocurrency analyst EGRAG Crypto has <a href="https://x.com/egragcrypto/status/1860350364588953971">presented</a> a detailed technical analysis of Stellar Lumens (XLM) on Twitter. He identified four distinct price targets and suggested significant upside potential for the asset. The analysis highlights a possible “Wild Target,” with <a href="https://timestabloid.com/bank-for-international-settlements-makes-iso-20022-adoption-claim-for-xrp-and-xlm/">XLM</a> prices reaching as high as $9. 
<h2 id="b-breakdown-of-xlm-targets-b">Breakdown of XLM Targets</h2> 
EGRAG Crypto’s analysis outlines four key price levels for XLM: 
Target 1: Currently in progress, this marks the first step in XLM’s potential price journey, coinciding with a Fibonacci retracement level of 0.786 ($0.475619). This zone aligns with recent price action, suggesting it is the immediate resistance. 
Target 2: Falling at $0.80, this target represents a critical point for profit-taking. The level aligns with Fibonacci extension 1.0, often used as a key psychological benchmark in market trading. 
Target 3: Estimated at $2.19, this target is near the 1.414 Fibonacci level. According to EGRAG Crypto, this stage offers another opportunity for traders to profit as XLM builds momentum. 
Target 4 (Wild Target): The ambitious projection of $9 positions XLM near the 2.0 Fibonacci extension. This “Wild Target” reflects EGRAG’s bullish outlook and expectation of a potential blow-off top in a favorable market scenario. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/XLM?src=hash&amp;ref_src=twsrc%5Etfw">#XLM</a> Wild Target <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;">: 
 Four Targets to Watch: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Target 1: In Progress <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Target 2: Percentage Taking Profits <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/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Target 3: Percentage Taking Profits <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Target 4: Wild Target <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/XLM?src=hash&amp;ref_src=twsrc%5Etfw">#XLM</a> Will Make Haters Squeak<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f42d.png" alt="🐭" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/hzydyDQImz">pic.twitter.com/hzydyDQImz</a> 
 — EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1860350364588953971?ref_src=twsrc%5Etfw">November 23, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-community-reactions-and-analyst-insights-b">Community Reactions and Analyst Insights</h2> 
The analysis sparked notable reactions on social media. A Twitter user, Mike Power, <a href="https://x.com/mikepowercopy/status/1860403311972868498">questioned</a> the sharp leap from Target 3 ($2.19) to Target 4 ($9). EGRAG Crypto <a href="https://x.com/egragcrypto/status/1860424066928177579">responded</a>, explaining the dynamics of exponential growth in cryptocurrency markets: “From $3 to $9 is much easier than $0.10 to $0.50. 
The first is a 3x jump, while the latter is a 5x increase.” He further elaborated that while he remains optimistic about XLM’s long-term potential, profit-taking at Targets 1 and 2 would serve as a hedge for XRP, which he also tracks closely. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-implications-for-traders-b">Implications for Traders</h2> 
EGRAG Crypto’s approach reflects a mix of cautious optimism and strategic planning. While the <a href="https://timestabloid.com/stellar-xlm-7-year-adam-eve-pattern-targets-3-5/">potential for exponential gains</a> exists, the emphasis on hedging through profit-taking at earlier targets (1 and 2) underscores the importance of managing risk. The mention of a “blow-off top” highlights the unpredictable nature of parabolic market movements, particularly in altcoins like XLM. 
<a href="https://timestabloid.com/stellar-xlm-is-about-to-repeat-3000-last-cycle-pump/">Stellar (XLM)</a> is trading at around $0.49, marking an impressive 473% price increase over the past month. Achieving the higher targets outlined in EGRAG’s analysis would require sustained bullish momentum, supported by market fundamentals and broader adoption of the Stellar ecosystem. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
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The post <a href="https://timestabloid.com/analyst-sets-four-stellar-xlm-prices-to-watch/">Analyst Sets Four Stellar (XLM) Prices to Watch</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

Analyst Sets Four Stellar (XLM) Prices to Watch

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