Stellar (XLM) is gaining strong bullish momentum as its price surges, signaling a potential breakout. The broader cryptocurrency market has shifted from a bearish to a bullish phase, driven by Bitcoin’s rally above $84,000. This resurgence has sparked renewed optimism among investors, contributing to increased buying pressure across altcoins, including XLM.
XLM’s Price Action and Market Performance
At the time of writing, Stellar is trading at $0.2732, with a 24-hour trading volume of $238.02 million and a market capitalization of $8.39 billion. The cryptocurrency has gained 3.79% in the past 24 hours, reflecting heightened interest from traders and strong support at key levels. This surge indicates growing confidence in XLM’s potential breakout from its current consolidation phase.
Macroeconomic Factors Could Impact Volatility
Despite Stellar’s bullish momentum, upcoming macroeconomic events could influence its trajectory. On Wednesday, new tariff policies are set to be announced, while Friday will see the release of U.S. unemployment data. Additionally, inflation data scheduled for next Thursday could introduce market-wide volatility, impacting liquidity across financial markets. Traders are closely monitoring these economic indicators, as they could play a critical role in shaping XLM’s price movement in the short term.
Technical Analysis: XLM Targets $0.86
Crypto analysts have identified a strong support zone for XLM, with the asset bouncing from a daily liquidity zone. Currently, Stellar is testing the inside trendline of the C-fork pattern, a breakout from which could propel it toward higher resistance levels.
$XLM testing and bouncing from the 1D liquidity zone (blue box).
— Scient (@Crypto_Scient) April 1, 2025
If we can break out from the inside trendline of C-fork, I think there's a high chance we make a push towards the yellow box.
Waiting for the trigger.#XLM #XLMUSDT pic.twitter.com/IcHjS7CUGl
Additionally, technical indicators suggest that XLM is nearing the apex of a falling wedge, a historically bullish reversal pattern. The confluence of Fibonacci retracement levels (0.618 and 0.786) and strong support suggests that an upward move may be imminent. If confirmed, XLM’s next targets are $0.43, followed by $0.60 and potentially $0.86.
Stellar ( $XLM) LONG 📈
— Rose Premium Signals 🌹 (@VipRoseTr) March 31, 2025
is currently testing the apex of a falling wedge, a historically bullish reversal pattern. The confluence of Fib levels (0.618 & 0.786) and strong support suggests a potential breakout ahead.
🎯 Entry Zone:
$0.25 – $0.27
(Current price: $0.268)
🏁… pic.twitter.com/aooYyb74bH
With Bitcoin leading the charge and market sentiment improving, XLM is positioned for a strong price rally if it successfully breaks key resistance levels. As traders eye an entry zone between $0.25 and $0.27, all attention is now on whether Stellar can capitalize on its bullish momentum and set the stage for further gains in the coming weeks.
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.
Also Read: Stellar (XLM) Breaks Out: Is a Surge to $0.40 on the Horizon?
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