The post XLM Price Breaks Bullish Pattern: Here’s Why $1 Could Be on the Cards appeared on BitcoinEthereumNews.com.

Stellar (XLM) price action witnessed sideways movement for weeks. But the coin is ready to move out of this patter. At press time, XLM price was up over 11% in the last 24 hours, confirming a breakout from a bullish flag pattern. After weeks of sideways action, XLM may finally be ready to move higher, potentially as far as $1, if key technical indicators continue to hold strong. From the liquidation setup to rising buying pressure and retail sentiment, all signs point toward another leg up. But one on-chain metric still shows a risk worth watching. XLM Price Eyes 133% Upside As Stellar Breaks Bullish Flag Pattern XLM price broke out of a classic bullish flag pattern. In technical analysis, a flag pattern forms when prices move sharply higher (the pole), then consolidate in a downward-sloping range (the flag), before breaking out again in the same direction. XLM Price Action- Source: TradingView The XLM price chart depicts the height of the original flagpole, from around $0.23 to $0.52, to be about 133%. A move toward the key psychological level of $1.00 emerges as the new target, using that same height from the breakout zone. This type of structure typically shows strong market interest and sustained buying. The breakout candle was backed by high volume and is now pushing past short-term resistance near $0.46. Screenshot However, to confirm the rally, the first move has to be past $0.52. Do note that this analysis aligns with the expert analysis on X. Short Squeeze May Continue With Over $60M in Shorts Still Open According to the latest liquidation map, many short positions have already been wiped out, but over $52 million in XLM short contracts are still active on Bitget alone. That’s fuel for more upside. Stellar price and liquidation map- Source: Coinglass…

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Filed under: News - @ August 8, 2025 7:27 pm