XLM Price Poised for Breakout with $0.44 Target as Bullish Momentum Builds
The post XLM Price Poised for Breakout with $0.44 Target as Bullish Momentum Builds appeared on BitcoinEthereumNews.com.
Stellar is showing strong signs of an impending breakout, with technical analysis pointing toward a potential rally aimed at the $0.44 resistance level. Recent price action and momentum indicators collectively suggest that the coin is transitioning into a bullish phase, offering promising entry opportunities for traders anticipating upward movement. Short-Term Bullish Momentum Indicates Breakout Potential A chart shared by Andrew Griffiths highlights a breakout scenario for XLM, with the price targeting resistance around $0.44. An orange trendline marks sustained bullish movement, positioning the current $0.40 price area as an attractive level for buyers seeking momentum. Historical data shows the asset repeatedly bouncing off solid support near $0.38, which reinforces the foundation for continued upward price action. Source: X As long as prices hold above $0.38, the market structure favors a push toward $0.44, a critical resistance zone. Surpassing this level could open the door for even higher targets in the following weeks, especially given the broader positive sentiment permeating the cryptocurrency market. Market Overview Shows Robust Participation and Uptrend Stability Additionally, BraveNewCoin data provides a 24-hour market chart, confirming a 3.03% price gain to $0.40 and reinforced by vibrant trading activity. With volume climbing to $313.5 million, strong market participation supports the idea that XLM is well-positioned to challenge and potentially break resistance between $0.42 and $0.44. Source: BraveNewCoin Recent trading reflects consolidation near these levels, signaling that a breakout could trigger more pronounced upward momentum. However, traders should remain aware of broader market influences, such as Bitcoin and Ethereum, given their tendency to affect altcoin price dynamics. Technical Indicators Signal Approaching Inflection Point On the other hand, TradingView offers deeper technical insight through key indicators like Bollinger Bands Percent (BBPower) and Chaikin Money Flow (CMF). A slightly contracting BBPower reading at -0.0265 suggests lower volatility, typical during consolidation phases…
Filed under: News - @ August 21, 2025 6:27 pm