In a recent post on X, cryptocurrency analyst Ali (@ali_chartz) shared a technical analysis of Stellar (XLM), suggesting that the asset is forming a bullish flag pattern. According to Ali, this pattern could indicate a breakout that may propel XLM’s price toward the $1.80 level. The post included a chart illustrating the asset’s price movement, highlighting key Fibonacci retracement levels and a downward channel that could signal a period of consolidation before a potential surge. $XLM appears to be forming a bullish flag, with a potential breakout targeting $1.80! pic.twitter.com/nFRUBokLhu — Ali (@ali_charts) February 15, 2025 Technical Analysis Breakdown Ali’s chart, sourced from TradingView, represents the XLM/USDT perpetual contract on Binance using a three-day (3D) timeframe. The price action shows a sharp rally in late 2024, followed by a gradual downward consolidation, forming a descending channel. This structure aligns with the characteristics of a bullish flag, a continuation pattern that often precedes another upward move. Key elements of the chart include: Fibonacci Levels: The retracement levels suggest that XLM found support near the 0.618 Fibonacci level (~$0.30). This level is commonly watched by traders as a strong area of accumulation before potential reversals. Breakout Projection: The flagpole of the pattern extends from approximately $0.09 to $0.63, a significant gain. If a breakout occurs, applying a measured move projection suggests that XLM could reach $1.80, aligning with Ali’s prediction. Resistance and Support Zones: The downward channel has upper resistance around $0.42 and lower support near $0.25. A decisive breakout above the resistance could confirm the bullish thesis. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Community Reactions Ali’s analysis generated mixed reactions from the crypto community. While some traders saw merit in the bullish flag setup, others remained skeptical of such an optimistic price target. A notable response came from an X user, PeeBee, who criticized the analysis, stating : “Bullish flag? More like a flag for clueless traders waving goodbye to their money! Good luck chasing that dream of $1.80, but don’t forget to clean up after those losses.” This reaction reflects the common debate in technical analysis—while patterns provide potential market insights, they do not guarantee outcomes. Price movements depend on multiple factors, including market sentiment, trading volume, and broader macroeconomic conditions. Ali’s bullish flag projection for XLM presents an optimistic outlook, suggesting that the asset could experience a significant price surge if the pattern plays out as expected. However, as with all technical analyses, market participants should exercise caution, consider multiple factors, and manage risk accordingly. While some traders see potential in Ali’s $1.80 target, others remain skeptical, emphasizing the inherent volatility and unpredictability of cryptocurrency markets. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Stellar (XLM) Forming Bull Flag, Analyst Sets Bullish Price Target appeared first on Times Tabloid .
