Attention, people! Be aware of this, because Stellar (XLM) has been on everyone's lips, and it's no wonder. In the last month, it has surged an impressive 90%! 📈 While Bitcoin and other heavyweights took a breather, XLM stepped up and is sending signals that the party could continue.
The key to the news is a pattern that experts call a "bullish flag" on daily charts. Imagine this: the price rises strongly as if it were a flagpole, and then it takes a break forming a small triangle. Those who know about this, the pro traders, see in that triangle the perfect signal to enter strongly with buy positions, expecting the bullish trend to resume with more momentum. It's like the calm before the storm, but a storm of cash! ⛈️💰
Moreover, the on-chain data (which is like seeing what is really happening inside the network, no stories) is confirming this vibe. The funding rate of XLM remains positive, which tells us that people are betting hard on the rises. When this rate is positive, it means that those betting on the price going up are paying a premium to those betting on it going down. This screams to us: "There's confidence that this continues to rise!". 🤑
If everything goes as these patterns indicate and the demand stays on fire, XLM could break the flag strongly and, hold on tight, it could shoot up to $0.73! That would be a massive jump and leave more than one person speechless. 🤯 But be careful, because in the crypto world nothing is set in stone. If the environment changes and turns bearish, XLM could drop to $0.39, invalidating all this bullish prediction.
The question lingering in the air is: will XLM be the next star to light up the market, or is this pause the prelude to a change in direction? We'll have to stay super alert! 🧐$XLM
