Attention, folks! Get ready because Stellar (XLM), that direct rival of XRP for cross-border payments, could be about to throw a big party in the crypto market. Why the commotion? Well, it turns out that after months of sideways movement like a crab, the technical signals are screaming that a parabolic launch is coming.
Some geniuses from TradingShot, in their TradingView post, noticed that XLM has been dancing above its 50-week moving average. This is a key indicator because this pattern resembles a bull flag (i.e., bullish), and the last time it did something like this in 2017, it shot to the sky!
Now, the joke is that Stellar is breaking an ascending triangle pattern. If it succeeds, the path is clear for a jump to $2.15. Imagine the profit!
Additionally, there is another exciting signal: a weekly "golden cross." The last time this indicator appeared, XLM soared to its all-time high. So, although the upside potential is huge, the moment of truth is now.
Currently, XLM is trading at $0.39. Its price is slightly below its 50-day moving average, which could be a sign of a slight decline in the short term. However, things get interesting when we look at the 200-day average, where the price is well above, confirming a long-term bullish trend! And the Relative Strength Index (RSI), which measures whether the cryptocurrency is overbought or oversold, is in a neutral zone, leaving plenty of room for movement in any direction!
This is not gossip, it's pure and hard analysis. Stay alert, because the future of Stellar could be brighter than the sun.$XLM
