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TimesTabloid 2025-03-02 07:18:59

Stellar (XLM) Forming Bullish Flag, Analyst Expects 330% Price Breakout

Stellar Lumens (XLM) is currently forming a bullish flag pattern, according to crypto analyst Ali Martinez (@ali_charts). His recent post on X, accompanied by a technical chart, suggests that XLM may be positioned for a 330% breakout if the pattern plays out as expected. At the time of his analysis, XLM was trading at $0.30267. Based on this, a breakout of 330% would bring the price to approximately $1.3, pushing it above its all-time high of $0.9381. The chart illustrates a downward-sloping channel following a strong rally, a structure that fits the definition of a bullish flag—a continuation pattern often signaling further upward movement after consolidation. #Stellar $XLM is forming a bullish flag, which could trigger a 330% breakout! pic.twitter.com/hWuQSTkUj0 — Ali (@ali_charts) March 1, 2025 Technical Factors Supporting the Pattern The chart shared by Martinez highlights several technical indicators that reinforce this outlook. Fibonacci retracement levels suggest that XLM has been respecting key price zones, with the 0.618 retracement level around $0.30 acting as strong support. This level has historically been an accumulation zone for assets preparing for another move upward. If XLM maintains support here, it could build momentum for a breakout above the flag’s upper boundary near $0.42. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Martinez recently drew attention to a TD Sequential Indicator buy signal for XLM , arguing that the asset may be gearing up for a strong move. The report discusses how this indicator has historically preceded price increases, adding weight to the current technical setup. If the bullish flag plays out, the projected breakout target is calculated by applying the flagpole’s length to the breakout point. While Martinez predicts a 330% increase, the chart shows that this rally can extend as far as $1.8, almost doubling its all-time high. However, confirmation will be needed in increased volume and a decisive close above resistance levels. The Bullish Outlook for XLM The outlook for XLM is not solely reliant on technical patterns. A popular XRP proponent recently explained why the crypto world should not write off XLM . With historical ties with Ripple and potential involvement with Elon Musk’s SpaceX, XLM could become an even more notable player in the crypto space. Martinez’s analysis of XLM presents a compelling case for a potential breakout, with price targets reaching as high as $1.8. The bullish flag pattern with strong support at key Fibonacci levels, points toward a continuation of the previous uptrend. 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 X , Facebook , Telegram , and Google News The post Stellar (XLM) Forming Bullish Flag, Analyst Expects 330% Price Breakout appeared first on Times Tabloid .

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