$XLM
Positive Momentum for Stellar Lumens (XLM)
According to crypto analyst Dark Defender, Stellar Lumens (XLM) has entered Elliott Wave Phase 3 and is poised to surpass the $0.641036 resistance level. Should it break through this barrier, the next target could be as high as $2.8444.
Another analyst, Egrag Crypto, predicts that by March 2025, XLM could trade between $2.5 and $3, aligning with patterns observed in previous bull runs.
The recent listing of the XLM/JPY trading pair on Binance Japan is also driving momentum. To encourage trading activity, Binance Japan is offering discounted Maker Fees until February 9, 2025, which could attract more traders and increase market activity.
Current Price:
As of January 17, 2025, XLM is priced at $0.488595 USD, reflecting a 2.79% increase within the day. The intraday high is $0.514258, while the low stands at $0.466628.
These developments suggest a strong bullish outlook for XLM, with significant potential for further growth in the near future.