After several weeks of sideways movement, the price of Stellar (XLM) has finally broken out from a descending wedge pattern. This kind of pattern is often seen as a bullish signal, and in XLM’s case, it has already triggered a strong move upward. The breakout came three days ago, and since then the Stellar price has shown signs of continuing the upward trend. With market momentum building and investor interest returning to altcoins, traders are now watching XLM closely to see if this could be the start of a much bigger rally.
In a recent video, the host of Matrix Wealth Media took a deep dive into the current setup for Stellar. He called attention to the fact that XLM has pumped nearly 11% in just one day, while trading volume surged by more than 190%. He believes this surge confirms that XLM is now “hot” and gaining traction among long-term investors. According to the analyst, early spot traders have already enjoyed profits of nearly 50%. Futures traders are also seeing significant gains.
Stellar Price Targets and Market Timing
The Matrix Wealth Media analyst stated with strong conviction that Stellar is a solid project and that the Stellar price will “definitely touch the $5 mark very soon.” He believes that if Bitcoin continues its upward momentum and breaks new all-time highs, XLM could reach the $1 level in just 2 to 3 months. The video highlights how tightly connected XLM’s success is to Bitcoin’s performance, and that any major rally in BTC could act as a powerful catalyst for altcoins like Stellar.
He also pointed out specific levels traders should watch if they are considering entry points. While advising caution, he mentioned that if XLM breaks above the zone near $0.2986, there may be an opportunity for fresh entries. He outlined short-term targets at $0.3773 and $0.4452, suggesting those levels could come into play during the next price wave.
Bitcoin’s Role and the Broader Sentiment
Bitcoin was also a key part of the discussion. The host of Matrix Wealth Media described a recent strong move in Bitcoin’s price that included a daily jump of $3,000 to $6,000, ultimately gaining around $7,000. He believes this shows how powerful the current trend is. If Bitcoin does continue to rally, the analyst thinks it could reach $116,000 in the near future. In that scenario, the entire crypto market, including the Stellar price, could see massive gains.
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The analyst ended the video with a few community-focused questions, asking viewers if they believe Bitcoin will hit a new all-time high. He invited them to comment how many coins they hold and where they’re watching from. His closing advice was simple: keep following Bitcoin and the broader market news. While he reminded viewers to always do their own research, his stance was clear. Stellar is in a strong position, and if the bull run continues, the XLM price could surprise many by moving toward $1 and possibly even $5.
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