2024

CRYPTO

Stellar

<p>After hitting a new 2024 yearly high of around $0.6 in late December, the XLM price entered a correction mode and is now trading just slightly above $0.4.</p>
<p>EGRAG CRYPTO posted a viral XLM chart and updated his Stellar price prediction, offering an intriguing analysis of the cryptocurrency’s potential trajectory.</p>
<h2 class="wp-block-heading" id="xlm-s-complex-price-landscape">XLM’s Complex Price Landscape</h2>
<p>The Stellar chart reveals a nuanced picture of Stellar’s price movements, highlighting a long-term downtrend channel that has been in place since 2018. Within this overarching trend, XLM has experienced multiple periods of retracement and correction, creating a complex trading environment for investors.</p>
<p>A key focal point is the “Interstellar Line” situated around the $0.90 to $1 zone, which represents a critical resistance level. Breaking through this area could signal a significant bullish breakout for the cryptocurrency. The XLM chart meticulously identifies various support and resistance zones, including Fibonacci retracement levels that provide crucial insights into potential price movements.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="426" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-1024x426.png" alt="" class="wp-image-598643" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-1024x426.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-300x125.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-767x319.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-1536x638.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-2048x851.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-361x150.png 361w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-100x42.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-842x350.png 842w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572-788x327.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-572.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Source: X/<a href="https://x.com/egragcrypto/status/1867492004994613352" target="_blank" rel="noopener noreferrer nofollow">@egragcrypto</a></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="xlm-price-forecast">XLM Price Forecast</h2>
<p>Recent price action shows XLM underwent a remarkable 271.65% rise before experiencing a steep correction of approximately 44%. The price movement follows a wave-like structure reminiscent of Elliott Wave principles, currently positioned in what appears to be a corrective Wave 4 before a potential impulsive move.</p>
<p>Historical data provides valuable context for the current correction. Previous retracements have often been deep, ranging around 50% or more, indicating that the current pullback might be part of a “healthier” market reset. Critical support zones emerge at the 0.5 Fibonacci level near $0.23 and the 0.618 level around $0.34 – areas that have historically provided strong support and potential bounce opportunities.</p>
<p>The analysis presents two primary scenarios for <a href="https://captainaltcoin.com/how-much-will-25000-stellar-xlm-tokens-be-worth-at-peak-of-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">XLM’s future movement</a>. The first involves a breakthrough of <strong>the $0.90 to $1 resistance zone</strong>, signaling strong bullish momentum. The alternative scenario suggests a continued consolidation in the current corrective wave before launching into Wave 5, with potential price targets <strong>ranging from $1.2 to $3.</strong></p>
<p>Two yellow markers on the chart specifically highlight “Retrace” phases, underscoring the current pullback as part of a broader market cycle. This approach combines technical precision with a nuanced understanding of market dynamics, acknowledging both the potential for short-term volatility and the possibility of a significant longer-term trend.</p>
<p>The analyst’s approach combines technical precision with a measured outlook, acknowledging both the potential for short-term volatility and the possibility of a longer-term bullish trend. While the current correction might challenge some investors, the underlying analysis suggests XLM could be preparing for a significant move in the coming months.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/the-xrp-price-wont-hit-10-in-2025-but-experts-predict-these-altcoins-can-10x/" target="_blank" rel="noopener noreferrer nofollow">The XRP Price Won’t Hit $10 In 2025, But Experts Predict These Altcoins Can 10x</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-analysts-stellar-xlm-price-prediction-will-leave-you-stunned/" rel="noopener noreferrer nofollow">This Analyst’s Stellar (XLM) Price Prediction Will Leave You Stunned</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Analyst’s Stellar (XLM) Price Prediction Will Leave You Stunned

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