Stellar XLM Price Forms Bullish Flag Pattern, Eyes $0.80 Target

Stellar (XLM) has formed a classic bullish flag pattern on lower timeframes, suggesting potential upward momentum for the cryptocurrency. The pattern, observed on the 4-hour chart, developed after a sharp price increase from $0.225 to $0.45, followed by a consolidation phase within a descending channel. The price has been consolidating around $0.41, a level that has held as support after multiple retests [1].

Technical analysts, including Ali, have highlighted that a decisive breakout above the $0.45 resistance could confirm the bullish flag and open the door for further gains. Fibonacci extension levels suggest potential targets at $0.50, $0.62, $0.69, and ultimately $0.81 [1]. The $0.41–$0.45 range is seen as the key zone for confirming the next major move, with traders closely monitoring volume and price action for signs of a breakout [1].

Currently, XLM trades at around $0.406, according to CoinGecko data, down 0.48% in the last 24 hours and 6.43% weekly. Despite the short-term dip, the market remains focused on the broader bullish structure. Traders are awaiting volume confirmation before the price attempts a breakout toward $0.80 or higher [1].

Some analysts, such as Vuori Trading, have expressed cautious optimism, suggesting that a short-term pullback to $0.35 is possible but that a confirmed breakout could eventually lead to a price move toward $1 [1]. For now, the battle remains within the $0.41–$0.45 range, and the flag pattern continues to hold.

The potential move toward $0.80 would represent a significant recovery for XLM and could reignite interest from both retail and institutional investors. However, as with all technical patterns, the success of this setup depends on the integrity of the pattern and the market environment. Traders are advised to monitor key levels and volume changes closely before committing to any positions [1].

While the bullish flag is a well-known indicator of a potential continuation pattern, it is not a guarantee of future performance. Broader market conditions and macroeconomic factors will also play a role in XLM’s trajectory. Proper risk management remains essential for traders engaging in this setup [1].

Source: [1] Stellar Forms Bullish Flag, XLM Price Could Hit $0.80 (https://blockonomi.com/stellar-forms-bullish-flag-xlm-price-could-hit-0-80/)

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