XLM price has been well recovered this week as it gained 10 %, and is now trading at $ 0.35. However, this is still less than the peak XLM’s Bull Run at $ 0.60, which was seen in early December last year.
Ali Martinez, an old encryption warrior with more than 120,000 followers on X, just update his prediction in the XLM price.
Star graph analysis
Another stars analysis against USDT on the 3 -day time frame of Binance reveals an interesting setting. After a strong gathering of less than $ 0.10 in early November to a peak of $ 0.63661 in December, XLM entered a unification period. The price is currently moving within a landline channel, which constitutes what technical analysts are as a bullish flag style-usually a continuing pattern indicating that the previous upward trend can resume.
XLM is currently trading of about $ 0.35326, while maintaining the position higher than the decisive REErching level 0.618 fibonacci at $ 0.30051. This level was constantly strong support, as it recorded many bounces. Below this, the level of 0.5 Fibonacci at $ 0.23832 is a secondary support, while the lower direction line of science provides dynamic support.
$ Xlm It seems that it is a bullish flag, with a possible outbreak targeting $ 1.80! pic.twitter.com/nfruboklhu
Ali (ali_charts) February 15, 2025
The scene of resistance is the same amount of importance. The upper resistance of the flag is located near $ 0.45, making it a decisive level of monitoring. Before reaching this level, the XLM price needs to scan 0.786 Fibonacci at $ 0.41806. A decisive step above an area of $ 0.45 to $ 0.50 would confirm the outbreak.
Possible XLM price goals
If XLM succeeds in breaking this resistance, the following important goals are in line with Vibonacci extensions. This extension includes 1.272 at $ 1.08, followed by $ 1.43, and it may reach $ 2.14 in the extension of 1.618. Martinez’s prediction of $ 1.80 decreases in this range, and is in line with technical expectations.
However, traders should notice that if the price fails to stick to a level of 0.618 Fibonacci, XLM may witness a decrease of about $ 0.23, although this scenario seems less likely due to the current market structure. The success of this upscale scenario depends on a great convergence on the resistance with a strong trading volume.
Also read: This trading is planning the XRP Price Road to the highest new level ever
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