Stellar (XLM) Struggles at $0.24, Needs 4% Gain to Initiate Bullish Trend

Stellar (XLM), a cryptocurrency focused on cross-border payments, is currently trading around $0.24. Analysts at AltCryptoTalk note that XLM is struggling to break above the $0.20 to $0.225 zone, which has become a strong resistance level. This resistance is keeping the price from making significant upward movements, and the cryptocurrency is currently following the broader market trends.

According to AltCryptoTalk, if the price of Stellar can rise past $0.252, it could initiate a new bullish trend, potentially driving the price higher. However, until this breakout occurs, the price is likely to remain stagnant, mirroring the overall sentiment of the crypto market. The current price action suggests that XLM is trading within a downward-sloping channel, characterized by lower highs and lower lows. For a strong upward movement, the price needs to break above the top of this channel, which could propel it to around $0.33.

Several analysts have shared their predictions for XLM's price. DigitalCoinPrice forecasts that Stellar could reach $0.51 in early 2026 and potentially climb to $0.94 by the end of that year, assuming increased crypto adoption. Changelly, on the other hand, is more conservative, expecting XLM to remain between $0.238 and $0.258 in the near term, with an average price of around $0.278 and a possible 17.5% return for July 2025 if market conditions improve. These predictions indicate that analysts do not foresee XLM reaching $1 this year.

For Stellar to reach $1, a significant event is needed. One potential catalyst is a strong rally in Bitcoin, which could lift the entire crypto market and benefit smaller coins like XLM. Another possibility is a major increase in the use of Stellar's technology by large companies or projects, which would drive up demand for XLM and push the price higher. Currently, the key level to watch is $0.25 to $0.26. If XLM can close above this level, it could signal that bulls are in control and ready to drive the price higher. Until then, XLM is likely to continue moving sideways or drift lower within the bearish channel.

With XLM currently at $0.24, it is a cryptocurrency to watch closely. A sudden breakout could send the price climbing rapidly. However, given the current market conditions and analyst predictions, the journey to a $1 price point for XLM may be a long one. Investors and traders are advised to approach XLM with a long-term perspective, considering both the technology's potential and the market's volatility.