The post XLM Price Prediction for January 4 appeared on BitcoinEthereumNews.com.

XLM, the native token of Stellar, has experienced a significant 40% surge in the past three days of January 2025. This remarkable price increase within such a short period has drawn the attention of prominent investors and traders in the crypto space. Profit Booking in XLM? However, concerns are now rising as some investors appear to be continuously dumping XLM onto exchanges, according to on-chain analytics firm CoinGlass. Data from spot inflow/outflow reveals that exchanges have recorded a substantial inflow of $36.36 million worth of XLM tokens when the altcoin skyrocketed. Source: Coinglass This substantial inflow onto exchanges indicates a potential sell-off by long-term holders who purchased the altcoin during last month’s dip to book profits. In the cryptocurrency landscape, inflow typically signals potential selling pressure and a possible price decline. However, this was observed as XLM reached one of its strongest resistance levels at the $0.45 mark. The last time the altcoin approached this level, it experienced a prolonged consolidation, and it is now exhibiting similar signs. This has raised concerns among traders and investors about whether the price will consolidate further or if a decline may occur. XLM’s Current Price Action Based on recent price action, there is a strong possibility of potential consolidation near this level, as the price appears to be significantly stretched. This is a period where consolidation often attracts new investors, traders, and long-term holders, potentially strengthening XLM for a further rally. Source: Trading View XLM Price Prediction and Current Price Momentum According to expert technical analysis, if XLM breaks through this resistance level and closes a daily candle above the $0.465 mark, it could surge by 30% to reach its 52-week high. Otherwise, consolidation and price distribution are likely to continue. At press time, XLM is trading near the $0.45 mark and has…

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Filed under: News - @ January 4, 2025 2:23 am