The post Stellar Price Prediction: XLM Calms at Critical Support Ready for Breakout While PlutoChain Gains Attention appeared on BitcoinEthereumNews.com.

Stellar (XLM) is currently trading at around $0.3503, holding steady at a critical support level of $0.3. This stability comes after a recent 9% price surge. Analyst Ali Martinez spotted a bullish flag pattern on XLM’s chart – we’ll explore what this could mean for the altcoin below. PlutoChain, a new hybrid Layer-2 project, could also catch attention as it looks to potentially expand Bitcoin’s functionality. PlutoChain offers a fast 2 second block time on its L2 chain. Let’s check out the deets. Stellar Price Prediction: Why Are New Bullish Patterns Forming on XLM’s Chart and Could It Lead to a New ATH? Stellar’s XLM token is showing signs it might be ready for a significant move upward, according to analyst Ali Martinez. The currency, now trading at $0.3562, has found steady ground above $0.30051, giving traders confidence in its stability. The next big test for XLM comes at $0.36254 – breaking through this price point could bring a new wave of buying. If successful, XLM could climb to $0.41806, with the potential for even bigger gains. The current chart shows what traders call a bullish flag pattern, suggesting XLM might be gathering strength for a push toward $0.63661, and possibly as high as $1.80 if momentum builds. The current market structure shows XLM in a calculated consolidation phase, with the bullish flag pattern indicating controlled price action before a potential breakout. History shows these flag patterns often lead to strong upward moves, though nothing is guaranteed. Investors should watch that $0.30051 support level carefully – if XLM drops below it, we could see prices retreat to $0.23832. The next few trading sessions will be crucial in determining whether XLM can maintain its upward momentum. While the technical signs point to higher prices ahead, XLM needs to prove itself by…

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Filed under: News - @ February 16, 2025 8:11 pm