The post Stellar (XLM) 15% Price Swing Imminent — Which Way? appeared on BitcoinEthereumNews.com.

Stellar (XLM) could be on the verge of a major move, as a classic setup on its hourly chart might trigger a 15% swing, but the direction remains uncertain. In a tweet, Ali, a crypto analyst, highlights a triangle pattern forming on the XLM/USDT one-hour chart, writing, “Stellar is forming a triangle pattern that could result in a 15% price move.” A triangle chart pattern involves price moving into a tighter range over time and provides a visual display of a battle between bulls and bears. This consolidation builds pressure in the market, and when it finally resolves, it usually results in a strong move, either higher or downward. At the time of writing, XLM was up 4.33% in the last 24 hours to $0.248. Stellar began to recover on April 7 from a low of $0.2. The recovery continued, with XLM reaching an intraday high of $0.252 in the early Sunday trading session. Related On the upside, the daily moving averages of 50 and 200 at $0.273 and $0.291 remain crucial, as they could kickstart a fresh uptrend for the XLM price if breached. If XLM breaks above these key levels, bulls could push the price up toward $0.375, marking a significant recovery from recent lows. On the other hand, a drop from current levels could cause Stellar to retest $0.2, erasing recent gains. A decisive move in either direction could result from buying or selling pressure in the broader crypto market. Stellar saw growth in H2, 2024 According to a recent half-year report by Nansen, H2, 2024 was mostly a phase of consolidation for Stellar blockchain. From July to November, the daily transaction volume remained between 1.5 million and 2 million, despite volatile market moves that led many other chains to fall in statistics. Related Protocol 22 was…

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Filed under: News - @ April 13, 2025 2:26 pm