As of 15 January 2025, the Stellar (XLM) price is up 7% in the last 24 hours and currently trades at $0.4705, with a market cap of $14.55B. This upward movement raises the question about whether XLM can mirror XRP’s path, and register similar yet impressive gains? XLM Price Analysis: What’s Next for Stellar After Breakout? After a sharp rise of 600% in November 2024, Stellar price has been trading inside the Symmetric Triangle pattern since Nov 2024. After days of consolidation, altcoin has breached the technical formation to the upside coupled with strong volumes. This development suggests Stellar is ready for a bullish move. The chart indicates a breakout around $0.4500 level. By calculating the pattern height, approx 132%, and adding it to the breakout level, then the projected price is approximately near $1.0566. If bullish momentum holds then the Stellar price could reach its target soon. The bullishness displayed by the technical formation is confirmed as XLM trades above the 20-day, 50-day, 100-day, and 200-day Moving Averages, showcasing strength. Additionally, the MACD indicator shows bullish momentum with rising histograms. This is in line with the RSI, which also indicates an uptick in buying pressure. XLM/USDT 1-day chart All in all, the outlook for Stellar price prediction hints a target of $1.0566. Experts are also of the same opinion and expect XLM to shoot higher. Expert Forecasts Bullish Future for Stellar (XLM) Crypto expert Javon Marks recently shared a bullish outlook on Stellar Lumens (XLM) in his latest tweet on X. Following its impressive bullish performance, the momentum suggests even more gains could be on the horizon. With growing buying pressure and supportive market conditions, $XLM seems ready for substantial growth if these key resistance levels are surpassed. XLM/USDT 5 Day Chart With technicals hinting at another 54% move to $0.681 and experts forecasting a similar outlook, XLM price looks primed for a breakout rally. A break above $0.681 could pave the way for XLM to aim for $1.29 in the short term. Market Sentiment Shift According to Coinglass data, The total liquidation in the last 24 hours was $2.34 Million with $542.88K coming from long positions and $1.80 million from short positions, indicating a major shift in the crypto market . XLM Liquidation Rising Open Interest and Trading Volume XLM Open Interest Soar by 38.33% to $321.07 million and the trading volume also increased by 36.66% to $1.07B. The sharp rise in Open Interest and Trading Volume indicates that investors are heavily speculating on Stellar’s XLM token. XLM Open Interest What Next For XLM? Currently, XLM price is facing a key resistance level at $0.4900, which could determine its short-term direction. A breakout above this level might trigger a rally toward $0.5600 and $0.6400, marking significant gains. However, failure to clear $0.4900-$0.5000 could lead to a retracement, with support levels identified at $0.4500 and $0.3900. The post XLM Price Up By 7%: Will Stellar Follow XRP’s Path? appeared first on CoinGape .
