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Key Takeaways:
- XLM nears the end of a long-term symmetrical triangle, signaling a potential breakout.
- RSI, MACD, and Elliott Wave count all support a bullish price movement.
- A move above $0.62 could set XLM on course for a new all-time high beyond $0.80.
As Stellar (XLM) nears the apex of a multi-year symmetrical triangle, bullish momentum is gaining strength, suggesting a major breakout could be on the horizon. With strong technical indicators and a completed Elliott Wave structure, analysts are eyeing $0.62 and $0.80 as the next key resistance levels.
Symmetrical Triangle Nearing Its End
Since 2020, XLM has consistently formed higher lows, resisting the broader crypto market’s pullbacks. Although it failed to set a new all-time high in 2021, Stellar’s price has been consolidating inside a long-term symmetrical triangle. The current price action brings it close to the triangle’s resistance, marking the fourth breakout attempt — historically a crucial turning point.
The Elliott Wave count suggests a completed A-B-C-D-E correction phase as of March 2025, which supports the case for an imminent bullish breakout.
Indicators Support a Bullish Case
Momentum indicators are reinforcing the bullish scenario. The Relative Strength Index (RSI) remains above 50, while the Moving Average Convergence Divergence (MACD) continues trending positively — both signaling upward pressure.
On the daily chart, Stellar has confirmed the end of its latest 16-day correction with a breakout from a descending wedge pattern, accompanied by a bullish engulfing candle on August 7. The price also bounced off the 50 RSI level, confirming the validity of the reversal.
Next Resistance Levels: $0.62 and $0.80
The next immediate resistance lies at $0.62, defined by the 1.61 external Fibonacci retracement. A decisive breakout could open the path toward $0.80 — the final major level before a potential new all-time high.
Also Read: Stellar (XLM) Trading Volume Surges 22% Amid 5% Dip—What’s Next for This Crypto?
Additionally, an ongoing fractal correlation between XLM and XRP — which has already reached a new all-time high — strengthens the bullish XLM forecast. Both tokens have completed their fourth corrective waves and are entering final upward legs.
With bullish technical patterns aligning, Stellar (XLM) appears poised for a significant rally. Should it break above $0.62 with conviction, the long-anticipated push toward and beyond $0.80 could finally materialize, potentially placing Stellar among 2025’s top crypto gainers.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
