{"id":50014,"date":"2025-03-06T09:30:46","date_gmt":"2025-03-06T09:30:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50014"},"modified":"2025-03-06T09:30:46","modified_gmt":"2025-03-06T09:30:46","slug":"stellar-xlm-price-setting-up-for-rally-to-1-60-here-are-the-levels-to-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50014","title":{"rendered":"Stellar (XLM) Price Setting Up For Rally To $1.60 \u2013 Here Are The Levels To Watch"},"content":{"rendered":"

Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH).<\/p>\n

Stellar Getting Ready For 300% Breakout<\/h2>\n

Stellar has seen a 9% surge in the past day, recovering from this week\u2019s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness<\/a> a 300% breakout soon as the cryptocurrency appears to be forming a bullish pattern.<\/p>\n

After the November 2024 breakout<\/a>, XLM started to form a bullish flag, with the 600% post-US election rally forming the pattern\u2019s flagpole. Since then, Stellar has been consolidating between the $0.63 and $0.25 price range, forming the pattern\u2019s flag.<\/p>\n

Since hitting its 3-year high in December, XLM has seen a 52% price decrease, failing to break above its downtrend line. During the February market retraces, the cryptocurrency retraced nearly 40% from its monthly opening, hitting its lowest price action since November.<\/p>\n

Over the weekend, Stellar followed the rest of the crypto market, fueled by US President Donald Trump\u2019s announcement<\/a> of a US Crypto Strategic Reserve comprised of \u201cmade in the USA\u201d cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL).<\/p>\n

XLM surged around 25% from the range\u2019s lower levels to $0.37, retesting the $0.35 key resistance. The $0.32-$0-35 range has been a key zone for the cryptocurrency since the Q4 2024 breakout, serving as a crucial support level until turning into resistance in February.<\/p>\n

As the analyst pointed out, \u201cA sustained break above the $0.42 resistance could trigger a bull run to $1.60.\u201d Nonetheless, the cryptocurrency\u2019s recent performance has failed to reclaim a key level in the mid-zone of its 3-month price range.<\/p>\n

XLM Following 2017\u2019s Playbook?<\/h2>\n

XLM failed to hold the $0.35 level amid the Monday market dump, retracing 20% and erasing the Sunday gains. Breaking above this resistance could send Stellar\u2019s price to the bull flag\u2019s upper range while failing to reclaim it could send the price to the pattern\u2019s lower range between $0.20 and $0.23.<\/p>\n

On Tuesday, the cryptocurrency continued bleeding<\/a> and retested its recent lows as support. XLM bounced from $0.27 above the $0.30 level on Wednesday morning, attempting to reclaim it.<\/p>\n

Technical Analyst Charting Guy highlighted that XLM\u2019s Relative Strength Index (RSI) recently broke out of a 96-day downtrend \u201cwhile price consolidated in the golden pocket with time capitulation getting to people.\u201d<\/p>\n

He also noted<\/a> that XLM\u2019s bull flag \u201ccoincidentally targets\u201d the 1.272 Fibonacci level at around $2.46. After its recent performance, the cryptocurrency appears to be following its 2017 pattern, which adds \u201cmore confluence to 1.272 fib target,\u201d he explained.<\/p>\n

In Q4 2017, Stellar saw a similar price breakout, followed by a consolidation period within a bullish flag. XLM then broke out of this pattern and rose over 190% to ATH in early 2018. To the analyst, \u201cOnce we break above the top of the golden pocket, it\u2019s game on.\u201d<\/p>\n

At the time of writing, Stellar trades at $0.30, a 2.4% increase in the weekly timeframe.<\/p>","protected":false},"excerpt":{"rendered":"

Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge […]<\/p>\n","protected":false},"author":0,"featured_media":50015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50014"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50014"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50015"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}