Bullish altcoin Stellar XLM up over 11% in the last 24 hours.
Analysts set bull targets locked on $0.681 and $1.2918 for XLM price.
Other altcoins are showing similar bullish promise for new ATH prices soon.
Since Bitcoin’s bullish upward momentum is having the price of the pioneer crypto asset break past a string of new ATHs, altcoin prices are steadily following its lead. Bitcoin just set its latest ATH in the $122,500 price range and is currently trading around that price. The price of the pioneer altcoin Ethereum has broken above the $3,000 price range, allowing altcoin Stellar XLM up over 11% in the last 24 hours, with greater price targets ahead.
Altcoin Stellar XLM Up Over 11%
Pioneer altcoin Ethereum is following Bitcoin’s bullish lead over the past few days. In detail, the price of BTC went from setting a new ATH price in the $113,000 price range to setting its latest ATH price target in the $122,500 price range. Analysts expect even greater ATH prices from BTC before altcoins, led by Ethereum, will pump and set new ATH prices in the coming days ahead.
To specify, the price of Ethereum and altcoins had a slow start this bull cycle, caused by BTC’s early pump and the prolonged Q1 correction phase. On the bright side, this gave altcoins the chance to bottom and thrive in a much healthier market following the correction, completing around Q2. Now, with Q3 having had a bullish start and experiencing multiple high weekly closes, expectations for new altcoin ATHs are greater than ever.
The delay is altseason’s peak phase, not only allowing altcoins to enter a healthy market, but it gave traders and investors ample time to accumulate the most promising altcoins for the coming altseason. Some of the most bullish altcoins for the coming altseason include ETH, SUI, ADA, XRP, XLM, SHIB, DOGE, ONDO, FET, PYTH, and many more. In particular, one analyst is drawing a lot of attention to Stellar Lumens’ XLM.
Bull Targets Set for Stellar Lumens’ XLM
https://twitter.com/JavonTM1/status/1944587285611118835
According to CoinMarketCap analytics, the price of XLM is currently sitting at $0.4827, signaling that the popular altcoin asset is up over 11% in the past 24 hours, and up almost 95% in the last 7 days. Presently, the asset’s total market cap is $ $15,001,749,414.01 and its 24-hour trading volume is $3,285,540,593.55. The altcoin’s previous ATH was set at $0.9381, 8 years ago.
https://twitter.com/JavonTM1/status/1943654682720661723
According to the posts above, this reputed analyst says that XLM price looks to be on a direct path to hit a bull target of $0.681, setting a trend high. The same analyst then states that despite XLM’s highly bullish performance over the last few months, the price of XLM continues to show high promise of hitting greater highs. In particular, the analyst states that XLM may be in the process of a more than 102% climb to reach a break above a target that could bring about a $1.291819 ATH price.
