Stellar XLM Surges 100% as Analysts Target $0.65 on Breakout

Stellar's XLM price has recently surged by 100% from a $0.227 accumulation zone, reaching $0.4746, a level analysts identify as immediate resistance [1]. Analysts suggest that if XLM sustains above this threshold, it could continue its bullish momentum toward a new target range of $0.57–$0.65. A key indicator of this potential breakout is the consolidation currently taking place near the resistance level [1].

According to analyst Rose, the $0.4746 mark has become a critical focal point for XLM's price action. The asset's inability to push significantly above this level has created uncertainty in the short term, but a breakout could reinforce the bullish case for higher prices [1]. The next immediate resistance is at $0.5734, and analysts believe a sustained move past both levels would further validate the upward trend [1].

On the downside, support at $0.3788 is currently intact, and analysts emphasize that as long as XLM remains above this level, bullish momentum is likely to persist [1]. A drop below $0.3788, however, could lead to a pullback toward $0.30–$0.25 in the mid term. A stronger test of long-term resilience could occur if the price falls into the $0.127–$0.1587 range, which aligns with the 0.786 Fibonacci retracement and historical support [1].

In addition to price action, adoption metrics are also being closely monitored. The Stellar network has grown to 9.69 million enterprise wallets, with $150 million in total value locked (TVL). Analyst Joe Swanson noted that the network is adding over 5,000 institutional addresses daily, indicating a rise in institutional interest [1]. These developments suggest that Stellar’s ecosystem is gaining traction, potentially supporting the asset’s price in the medium to long term.

Swanson also pointed out that XLM’s ability to hold around $0.41, combined with these adoption trends, is a positive sign for the token’s fundamentals [1]. A successful break above $0.50 could extend the rally toward $0.77, assuming bullish momentum remains strong.

The market’s broader focus on Stellar is supported by both technical indicators and increasing network activity. Analysts suggest that the asset’s next move will depend on whether it can hold near-term support while challenging higher resistance levels [1]. A sustained move above $0.57 would likely confirm the continuation of the bullish trend and set the stage for the $0.65 target.

Source: [1] Analyst Predicts Stellar Price Could Target $0.65 After Major Resistance Test (https://cryptofrontnews.com/analyst-predicts-stellar-price-could-target-0-65-after-major-resistance-test/)