After months of declining work and transition, stellar (XLM) finally appear serious signs of life. The stellar price is officially divided from the upper flag pattern on the daily time frame.
At the time of writing this report, the XLM price is traded by about $ 0.3. This penetration can open the door to a huge march in the coming weeks if the momentum continues.
The star is separated from a long emerging flag
FX Clifton It also put a clearer leaflet that XLM was detained inside a normal channel for several months. This type of configuration is known as “Science ascend” Which usually indicates a continuation of the previous strong movement.
The science itself was formed after XLM was operating in late 2024, which created the “column” of the flag. Since then, the stellar price has been transmitted in a governed channel, making its highest levels and less than its lowest levels. This slow decrease was actually a healthy period, after cooling after the explosive assembly, not a declining collapse.
Now, XLM erupted over the upper limits of science with a strong rising candle. More importantly, after going out, he returned to re -test the top of the science and keep it as support, a classic step that often indicates the beginning of the main direction to the upward trend.
Clift FX emphasizes that the fracture of the bullish flag has been confirmed and that the re -test was successfully addressed to the daily time frame.
How high is the price of XLM after the penetration?
With the assertion of the budget now and the strong test, the next question is how high the stars from here?
The green projection box indicates the graph to a possible target of about $ 0.54. This will represent a step of about 73 % of the penetration area near $ 0.31. In classic technical analysis, the expected step after the outbreak of the bullish flag is often equal to the length of the original pole and this is the exact case here.
Also read: Artificial Intelligence predicts: What will be the XLM codes of 20025?
According to Clifton FX, the “huge bullish gathering” is now expected, and given the force of hacking and a successful test, this prediction appears on a good basis. XLM has all the technical components in force for a strong move if the conditions of the broader market remain supportive.
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