💸Stellar (XLM) Price Prediction: Bouncing From Fibonacci Support💸🪙
Price: $0.4152
💸💰XLM is attempting to bounce from the 61.8% retracement level at $0.34, but the rally may face resistance at $0.43 (20-day SMA).
If the price turns down again, the 50-day SMA ($0.33) will be the last major support. A breakdown could drag XLM to $0.29. A close above $0.43 would be bullish, with upside targets at $0.46 and $0.49.
Macro Outlook: S&P 500 and US Dollar Index in Focus
S&P 500: Still bullish but facing resistance near all-time highs. A break below 6,139 (50-day SMA) may trigger more profit-taking.
US Dollar Index (DXY): Trying to hold above moving averages; resistance at 100.54 and then 102. A drop below 98 would favor risk-on assets like crypto.
Bitcoin's recovery toward $117K may determine the next move for altcoins, but ETF outflows and macro headwinds are dampening sentiment. Traders are watching for clear breakouts from resistance zones across ETH, SOL, BNB, and DOGE, while BTC ETF flows remain the biggest wildcard in gauging institutional appetite.