The XLM price recovered well this week as it gained 10%, now trading at $0.35. However, this is still way below XLM’s bull run peak at $0.60, seen in early December last year.
Ali Martinez, a crypto veteran with over 120k followers on X, just updated his XLM price prediction.
Stellar Chart Analysis
The latest analysis of Stellar against USDT on Binance’s 3-day timeframe reveals an intriguing setup. After a powerful rally from below $0.10 in early November to a peak of $0.63661 in December, XLM has entered a period of consolidation. The price is currently moving within a downward-sloping channel, forming what technical analysts identify as a bullish flag pattern – typically a continuation pattern that suggests the previous uptrend could resume.
XLM is currently trading around $0.35326, maintaining position above the crucial 0.618 Fibonacci retracement level at $0.30051. This level has consistently served as strong support, with multiple bounces recorded. Below this, the 0.5 Fibonacci level at $0.23832 serves as secondary support, while the lower trendline of the flag provides dynamic support.
$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
The resistance landscape is equally important. The upper resistance of the flag pattern sits near $0.45, making it a critical breakout level to monitor. Before reaching this level, the XLM price needs to clear the 0.786 Fibonacci level at $0.41806. A decisive move above the $0.45-$0.50 area would confirm a breakout.
Potential XLM Price Targets
Should XLM successfully break above this resistance, the next significant targets align with Fibonacci extensions. These include the 1.272 extension at $1.08, followed by $1.43, and potentially reaching as high as $2.14 at the 1.618 extension. Martinez’s prediction of $1.80 falls within this range, aligning with technical projections.
However, traders should note that if the price fails to hold above the 0.618 Fibonacci level, XLM could see a decline toward $0.23, though this scenario appears less likely given the current market structure. The success of this bullish scenario heavily depends on a confirmed breakout above resistance with strong trading volume.
Read also: This Trader Maps Out XRP Price Road to New All-Time High
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