📈 Strong Weekly Surge
Stellar (XLM) surged 35% this week, currently trading at $0.451 after a 3% gain in the last 24 hours. Optimistic sentiment and sustained market momentum have fueled hopes of hitting the $2 milestone in 2025.
📊 Key Resistance and Support Levels
XLM is testing a critical $0.456 resistance. A breakout could push prices to $0.548 and $0.575, while failure may trigger a drop to $0.356 or $0.340. Traders should watch these levels closely as they’ll dictate short-term price action.
📉 Technical Indicators Show Promise
The RSI at 60 signals moderate bullish momentum. A successful flip of $0.456 into support could set XLM up for a rally in Q1 2025. Failure to hold may lead to temporary retracement before resuming upward momentum.
💼 Long-Term Predictions: $2 and Beyond
Analysts predict XLM could mirror its 2017 rally, targeting $8.30 long-term with milestones at $2 by Q4 2025 and potentially $11 in an extended bull cycle.
📊 Open Interest on the Rise
XLM’s futures open interest surged to $292M, marking a 5.66% increase. This indicates growing investor confidence and sustained participation in the derivatives market.
🌍 Partnerships Drive Adoption
Stellar’s collaboration with MoneyGram strengthens its role in cross-border payments. These partnerships enhance transaction efficiency and support global adoption of XLM’s ecosystem.
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