Stellar (XLM) lights up the charts with a classic bullish W pattern, a double bottom setup that often indicates a strong reversal in trend. After critical bounces from $0.22 levels, followed by a deep retest, the bulls have returned strongly, and prices are now pushing toward the neck resistance.
📊 If this resistance is broken, measured movement targets indicate:
- $0.47–$0.52 as initial targets
- $0.63 as an extended target – potential gains exceeding 35% from current levels
🔍 Momentum signals:
- RSI is rising from the neutral zone towards bullish territory
- MACD is in a positive crossover
- Trading volumes are continuously rising, reflecting strong conviction among buyers
📈 On-chain:
- Daily transactions increased by 14% to $81 million
- Active addresses jumped by 81%
- The golden crossover pattern has officially formed
- Whales have started accumulating XLM alongside BTC, ETH, and SOL
🌐 General context:
- The end of the Ripple-SEC case has restored confidence in the remittance sector, driving XLM to break through the $0.45 resistance
- The Bull Flag pattern indicates the potential to reach $0.67 in the coming weeks
🛡️ Support areas:
- $0.40–$0.42 represents a critical support zone
- Maintaining it could fuel the next explosive push
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The conclusion?
XLM is not just presenting a nice pattern on the chart – it stands at a crossroads between technical momentum, institutional support, and charged social sentiment.
If the neck resistance is broken, we may witness one of the strongest upward waves of the season.
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