Stellar News: XLM Sparks Bullish Debate as Analysts Eye $8 Targets
The post Stellar News: XLM Sparks Bullish Debate as Analysts Eye $8 Targets appeared on BitcoinEthereumNews.com.
Stellar has reentered the spotlight after fresh optimism from analysts and community traders who believe the token could be gearing up for one of its strongest bullish cycles yet. A surge in engagement followed bold predictions calling for price targets as high as $2, and in some cases, even beyond. With technical structures showing long-term accumulation and critical resistance zones nearing, attention now turns to whether the coin can ignite a breakout phase reminiscent of its 2017 rally. Highlight Show The Coin Could Reach $2 in the current Cycle In a post shared by Crypto GEMs, the analyst confidently claimed, “#XLM going to +$2 this cycle,” sparking widespread discussion among market participants. The statement, supported by a snapshot of current market data, reflects a high-conviction outlook for the coin amid improving sentiment across altcoins. Source: X This prediction aligns with broader bullish chatter in the community, where traders argue that the con’s historical performance and increasing adoption potential could justify such an ambitious target. However, others maintain a more cautious stance, emphasizing the need for broader market strength and fundamental catalysts to support sustained gains. Despite differing opinions, the engagement surrounding the crypto underscores renewed attention toward the asset as it tests crucial technical thresholds heading into November. Market Data Shows Steady Price Performance According to BraveNewCoin, Stellar trades at $0.33, marking a 1.53% increase over the past 24 hours, with a market capitalization of $10.59 billion and a daily trading volume of nearly $194.7 million. Ranked 20th globally, the asset’s steady climb from its October lows has helped it regain a position of relative stability in the altcoin sector. Source: BraveNewCoin Recent trading patterns show price consolidation between $0.32 and $0.34, suggesting that buyers are accumulating within this range before a possible breakout attempt. Analysts note that if buying…
Filed under: News - @ October 28, 2025 2:23 am