A breakout above $0.36 could target $0.45; however, a failure to hold may drag it back.
The Stellar (XLM) price appears to be consolidating after a period of sideways movement following recent volatility.
At press time, the altcoin trades around $0.32, holding steady between the $0.29 support level and the $0.35 resistance level.
This tight range signals market indecision as traders await a clear breakout before taking new positions.
With momentum indicators flashing early bullish cues, XLM’s price may be preparing for a big move.
XLM Rebounds
On the 4-hour chart, the Money Flow Index (MFI) stands at 52.56. This reading suggests an increase in buying pressure as capital flows back into XLM.
Furthermore, the current technical structure suggests sellers are losing grip, and the asset could be setting up for a bullish reversal if momentum continues to improve.
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The chart below shows that XLM’s price was stuck in a falling channel. However, as of this writing, the altcoin has risen above the upper trendline.
The Moving Average Convergence Divergence (MACD) indicator also reinforces this outlook. At the time of writing, a bullish crossover is indicated as the EMA 12 (blue) rises above the EMA 26 (orange).
This crossover is a typical bullish signal that hints at strengthening buying activity. The histogram’s fading red bars further confirm the shift toward upward momentum.
As shown below, XLM’s price remains above its local support at $0.29, with short-term resistance at $0.36.
A breakout above this resistance could pave the way for a move toward the $0.36 to $0.39 range.
XLM Price Prediction: Higher
On the daily chart, the Chaikin Money Flow (CMF) remains in the positive zone at 0.17. This signals rising buying pressure around the altcoin, especially as the cryptocurrency has bounced above the support level near $0.28.
Sustained strength in this region indicates accumulation and an impending bullish reversal.
Similarly, the Bull Bear Power (BBP) indicator displays longer green histogram bars, despite remaining slightly negative, suggesting weakening bearish momentum and potential for an upside breakout soon.
Based on the Fibonacci retracement levels between the recent swing high and swing low, XLM trades above the 0.382 Fib level at $0.31.
Currently hovering around $0.32, the token is pushing toward the 0.50 Fib level, which aligns closely with its immediate resistance at $0.36.
In addition, a confirmed break above this mark could trigger a more substantial upward rally toward the $0.40 to $0.45 range, where higher resistance levels may emerge.
However, if XLM’s price fails to clear this zone, rising selling pressure could pull the price back to $0.28, with extended losses testing the key support near the Fib level at $0.20.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
