XLM’s chart has now turned bullish a Mini Golden Cross has happened, which means that the chances of the price going up have increased.
Stellar XLM has broken the boring trend that has been going on for many years. The price has increased by 95% in just 1 week. Now XLM has become one of the top cryptocurrencies.
Now the rally has stopped a bit, meaning the price has stabilized. But signs show that this is just the beginning not the ending!
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Stellar XLM Downtrend Broken, Momentum Unleashed
Stellar XLM broke its multi-month falling trend on July 10. After this breakout, the price went straight up and reached 52 cents – this level was seen for the first time since January.
This move confirms that XLM has started its third Elliott Wave – which is historically considered a strong bullish wave. This reversal came when the price bounced below the 0.618 Fibonacci level after falling significantly since December 2024 which is often a signal of a strong recovery.
Now XLM is resting a bit, but at the same time the altcoin season has also started to start. Bitcoin’s dominance is decreasing, and people are investing in altcoins. XLM is stable around 47 cents, holding its gains, and it seems that the next strong move is coming soon.
Mini Golden Cross Signals Bullish Momentum
If you look closely at the daily chart, an interesting signal is visible on the chart of Stellar (XLM).
Here the 20-day moving average has just crossed the 200-day moving average. This signal is called Mini Golden Cross.
This signal is not as strong as the classic Golden Cross of 50 and 200 moving averages, but still it shows that the short-term momentum is getting stronger. This means that the chances of the price going up have ended and a bullish setup is getting ready.
Critical Levels
If XLM wants to maintain its momentum, it will have to turn the 51 to 55 cents resistance zone into support.
Bulls need the price to close above 50 cents in a 4-hour candle – this will be a strong sign that buyers are in control.
If this does not happen, the price may fall back to the recent low of 42.5 cents. And if this level is also broken, there may be a more bearish correction.
Why This Matters
XLM was stuck in the same price range for the last 5 years – after 2018 its price has been only going up and down, but there has been no strong move.
During this time, the price has tried to breakout twice – first time in 2021 and second time in 2024. Now the third attempt is being made again.
According to history, when a level is tested repeatedly, that level becomes weak. If the price momentum keeps increasing, then XLM can have a strong breakout this time.
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People Also Ask:
What is Stellar (XLM)?
Stellar is a digital system that has been created to send money and transfer assets around the world. It is fast and its cost is also very low. Its token is called Lumens i.e. XLM, which is used for transactions.
Is it right to invest money in XLM?
XLM is a cryptocurrency, and like every crypto, it also carries risk. So before investing money, do a thorough research, watch the market, and think how much risk you can take.
How safe is Stellar?
Stellar uses a special system called the Stellar Consensus Protocol (SCP). This system makes the network secure and completes transactions fast.
What are the fees of Stellar?
Transaction fees on Stellar are very low just a fraction of a cent. That is why it is also best for small payments.
