Este artículo también está disponible en estñol.
Stellar (XLM) recently tries to restore the lost level that can push the price to re -test the main resistance area. Some market monitors suggested that its price can prepare for a huge rise to the highest new level ever (ATH).
Related reading
Stellar is preparing to penetrate by 300 %
Stellar witnessed a 9 % increase last day, recovering from the market emptying for this week and mobilized to a mark of $ 0.30 again. According to the encryption analyst Ali Martinez, it is possible a witness 300 % soon when it seems that the cryptocurrency appears to make up a bullish style.
After the outbreak of November 2024, XLM began to form an emerging mark, with the elections gathering after 600 % in the post -United States. Since then, Stellar has been combined between $ 0.63 and $ 0.25, which is the style mark.
Since it reached its highest level for 3 years in December, XLM has seen a 52 % decrease, and failed to break the downward trend line. During the February Market, the cryptocurrency regained nearly 40 % of its monthly opening, and has reached its lowest prices since November.
During the weekend, Stellar followed the rest of the encryption market, which is fueled by US President Donald Trump’s declaration of a strategic US encryption reserve consisting of encrypted currencies “made in the United States of America” such as XRP, Cardano (ADA) and Solana (Sol).
XLM increased by about 25 % of the low levels of the range to $ 0.37, with a re -test of the key resistance of $ 0.35. The scope of 0.32-$ 0-35 was a key currency key since the outbreak of Q4 2024, as a decisive support level in order to turn into resistance in February.
The analyst also pointed out, “A continuous break over $ 0.42 resistance can lead to a bull operation to $ 1.60.” However, the last Cryptocurrency performance failed to restore a major level in the mid -range area for 3 months.
XLM after the 2017 play book?
XLM failed to retain $ 0.35 amid the emptying of the market on Monday, recovered 20 % and erasing Sunday’s gains. Breaking this resistance may send Stellar price to the upper bull science range as it does not restore, the price can be sent to the minimum pattern between $ 0.20 and $ 0.23.
On Tuesday, the cryptocurrency continued to bleed and re -test its lowest levels as support. XLM wore $ 0.27 higher than $ 0.30 on Wednesday morning, in an attempt to restore it.
The technical analyst who highlighted that the Relative Power Index of XLM (RSI) has recently erupted from 96 days drop tension. “The price is uniform in the golden pocket with time reaching people.”
Related reading
It is too male The XLM bull flag “targets by chance” 1.272 Fibonacci at about $ 2.46. He explained that the encrypted currency follows its pattern for the year 2017, which adds “more convergence to 1.272 FIB,”
In the fourth quarter of 2017, Stellar witnessed a similar outbreak of prices, followed by a period of unification within the budget science. Then XLM erupted from this style and more than 190 % rose to ATH in early 2018. For the analyst, “Once we get the top of the golden pocket, it’s the game.”
At the time of writing this report, the stars trade at $ 0.30, an increase of 2.4 % in the weekly timetable.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
