A bullish flag has formed above key support, supported by a recent surge from $0.22 to $0.46 and retracement stability.
XLM is testing a multi-year resistance, with higher lows and an accumulation phase signaling momentum for an extended upside breakout.
Visa’s integration of Stellar into its settlement network positions XLM for real-time cross-border payments on a regulated global platform.
Stellar (XLM) is showing renewed strength as technical and fundamental indicators align for a possible breakout above the $0.80 mark.
Bullish Flag Forms Above Key Support
A bullish flag pattern has emerged on XLM’s chart, indicating a continuation of the upward trend. This follows a strong rally from $0.22 to $0.46. After the recent surge, the retracement held firm near the 0.786 Fibonacci level at $0.4126. The formation suggests that the consolidation phase may be ending.
The structure of the flag, along with higher lows and a firm base, adds weight to the setup. XLM is also retesting a multi-year resistance dating back to 2018. However, at present the market structure looks slightly more favorable with strong accumulation on a larger scale, suggesting that there is strength under the surface. The targets remain clear: breaking above $0.50 could potentially lead to $0.62 and then $0.80.
Technical and Macro Setup Align
According to a tweet from Scopuly—Stellar Wallet, the bullish flag is positioned just above support, with upside momentum building. The tweet notes the importance of a daily close above $0.70, which could trigger an extended rally beyond $0.80.
https://twitter.com/scopuly/status/1951884404348829945
The macro perspective also supports the bullish case. Higher lows over time have built a solid foundation, suggesting resilience. The formation of this structure comes at a time when the market is stabilizing, further supporting potential upward movement. With technical signals converging, buyers appear to be preparing for a decisive move.
Visa Partnership Adds Fundamental Strength
In a major development, Visa has integrated Stellar into its global stablecoin settlement network. This means XLM will be used to conduct real-time cross-border transactions on a regulated platform. This is a substantial step toward true adoption.
Scopuly's tweet refers to this partnership as a “real-world power move,” adding legitimacy and real utility to the Stellar network.. The combination of strong chart patterns and corporate partnerships continues to support growing interest from the market.
As XLM approaches resistance, traders are focused on breakout confirmation in coming sessions.
