The post Stellar (XLM) Eyes Potential Breakout as Crypto Market Shifts to Bullish Sentiment appeared on BitcoinEthereumNews.com.

The cryptocurrency market is witnessing a positive shift, with key altcoins like Stellar (XLM), Lido DAO (LDO), and Litecoin (LTC) showing notable price movements. The overall change in market sentiment from bearish to bullish has rejuvenated altcoins, lifting investor confidence across various assets. “XLM is currently priced at $0.419 as it looks to break out past $0.48,” according to COINOTAG’s latest insights. This article explores recent developments in the cryptocurrency market, focusing on Stellar (XLM), Lido DAO (LDO), and Litecoin (LTC), as they gain traction. Stellar (XLM) Set for Potential Breakout Stellar (XLM) is currently trading at $0.419, positioning itself within a symmetrical triangle pattern. The cryptocurrency needs to break the $0.48 resistance level to confirm bullish momentum and pursue a rally up to $0.58. A 7% increase in XLM’s price over the past day has sparked optimism among investors regarding a possible breakout. Sustaining this upward momentum will heavily depend on continued buying pressure. If support holds at $0.416, XLM retains the potential for upward movement. However, if the price dips below this threshold, it might retract towards $0.35, which could invalidate the positive sentiment surrounding the altcoin. Lido DAO (LDO) Breakout Strengthens Market Position Lido DAO (LDO) has surged by 15% within a 24-hour timeframe after successfully navigating an ascending triangle breakout. This technical advantage has augmented investor confidence, propelling LDO’s status significantly higher. The altcoin’s price surge is fueled by an uptick in trading volumes and positive market sentiment. For LDO to solidify its breakout, it must convert the $2.20 resistance into support, paving the way for a potential rise to $2.61. A sustained movement above this level would be a strong indicator of bullish momentum. Conversely, if LDO fails to breach $2.20, it risks falling back into a consolidation phase below this critical level. Litecoin (LTC)…

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Filed under: News - @ January 31, 2025 1:19 pm