The post Stellar (XLM) Price Jumps 10%; Breakout Above $0.30 Watched appeared on BitcoinEthereumNews.com.

XLM’s breakout above $0.293 neckline signals potential move toward Fibonacci targets. Rising MACD and near-overbought RSI highlight strong but cautious bullish momentum. Recent inflow spikes near $0.38 suggest renewed investor accumulation and market interest. Stellar (XLM) is showing signs of a strong technical breakout, drawing attention from traders and analysts alike. Recent price action suggests that a bullish reversal could be underway. The token’s price has increased 10.13% over the past 24 hours and shows a similar rise over the last week, turning investor sentiment around XLM optimistic.  The current price of $0.3031 is hovering just above a critical neckline resistance level, which, breached and held, this level may open the path for significant upward movement. Analysts believe the next few trading sessions will be crucial to determine if Stellar confirms this reversal or slips back into a consolidation phase. Ali Martinez Highlights XLM’s Reversal Pattern Crypto analyst Ali Martinez has pointed out a possible inverse head-and-shoulders pattern developing on the XLM/USD chart. This pattern is commonly associated with a bullish reversal.  The neckline resistance sits near the $0.293 level, which XLM has recently surpassed. A confirmed breakout above this level may unlock higher price targets based on Fibonacci extension levels. These targets include $0.324, $0.341, $0.367, and potentially $0.391. However, if XLM fails to hold above this key resistance, it could revisit lower support zones. Critical support levels remain at $0.255 (0.618 Fibonacci), $0.245 (0.5), and $0.236 (0.382). A volume spike around the breakout area would help validate bullish momentum. Without volume confirmation, the breakout risks becoming a false signal. On-Chain Metrics Suggest Accumulation Trends Data from the XLM Spot Inflow/Outflow chart offers deeper insights into investor behavior. Between late November and mid-December, massive outflows matched a steep rally from $0.10 to $0.60. This suggests many investors took profits…

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Filed under: News - @ May 10, 2025 1:22 am