The XLM price is cooled after a sharp rise to $ 0.52, but the main support level is detained, while maintaining the bullish structure properly.
summary
- XLM erupted more than $ 0.33 resistance after months of unification, and reached $ 0.52 – its highest level since January.
- Rally is equipped with an increase in Stellalar and Futures Open.
- The price has now decreased by 10 % to $ 0.42 as traders get profits.
- The penetration area serves $ 0.33 now as strong support.
- The general structure is still optimistic, but a 20 -day break from EMA can indicate a deeper correction.
- The following resistance is located at $ 0.64, which represents a possible profit of 52 % of the current levels.
Stellar (XLM) has recently divided a huge division of both a long -term convergence channel and a horizontal unification range, which prompted the main resistance level of about $ 0.33. This penetration has paid the XLM price to its highest multimedia at $ 0.52, an unprecedented level since mid -January.
The step was above $ 0.33, which served as a stubborn ceiling within months of side movement, supported by a noticeable increase in trading volume, which enhances the penetration strength. However, the XLM price has now returned to about $ 0.42, indicating that traders get profits after this gathering.
As Crypto.News explained earlier, the explosive assembly in XLM is likely to be fed by an increase in Stablecoin supplies on the star network to $ 647 million and a sharp rise in open interest.
XLM price prediction in the short term
Despite the current withdrawal by 10 %, the total structure is still optimistic that the price has not been divided into less than the $ 0.33 of the collapse area, which is the main level that now works as support after working as resistance for several months. As long as the price of XLM bears this level, the penetration remains intact, and the last decline is likely to be a healthy correction within the larger upward trend rather than reflection.
Looking at the future, continuous purchase pressure can pay the XLM price to restore $ 0.52 and may advance towards the height of January of $ 0.64, which will be 52 % of the current level.
Technical indicators support an escalating view with caution, with RSI cooling from peak levels to 57, and the price that exceeds EMA for 20 days, which works as support during the current decline. However, the lower break this EMA, which is currently tested by the price, increases the possibility of a deeper decline.
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2025-07-24 11:09:00
