STELLAR LUMENS IS GETTING READY FOR A PARABOLIC SPIKE 🔥🔥🔥
XLM is poised for a parabolic spike, supported by solid technical signals and promising fundamentals.
Technically, XLM has recently broken out of a bullish flag pattern, a classic continuation signal of a positive trend. The formation of this pattern followed by a confirmed breakout indicates a movement towards new potential highs, with price targets estimated above 1 dollar.
The RSI indicator, although currently in overbought territory, suggests strong momentum and the possibility of a parabolic rally before any pullback. Other indicators such as moving averages and the MACD confirm a decrease in bearish pressure and a consolidation phase ready to culminate in a breakout.
From a fundamental perspective, Stellar benefits from an increase in the use of its network, with a rise in TVL in the DeFi sector and greater institutional adoption due to alignment with the ISO 20022 standard and advancements in the tokenization of real assets. The presence of wallets from large investors accumulating XLM also supports the narrative of growing interest and future value expansion.
XLM shows signs of technical strength and solid fundamentals that make it one of the top candidates for a parabolic push in the short term.
