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Stellar ($XLM) Chart Analysis and Potential Paths Ahead Stellar ( CRYPTOCAP:XLM ) enthusiasts and investors have found themselves in a curious position as the cryptocurrency currently navigates a sideways range, caught between critical support and resistance zones. We delve into a comprehensive analysis of the XLM chart, examining key levels, trends, and potential scenarios that could unfold in the near future. 1. The Sideways Struggle: A Tight Range Stellar's current price action is constrained within a narrow range, with a support zone established at $0.107–$0.100 and a resistant ceiling at $0.116–$0.119. This indicates a period of consolidation, where the market is awaiting a catalyst to determine the next directional move. 2. Downward Local Trend and Support Breach Concerns The chart analysis reveals a downward local trend, raising concerns of a possible breach of the support zone. If this scenario unfolds, CRYPTOCAP:XLM could reset its local low to approximately $0.103. Traders and investors will closely monitor this critical support level to gauge the potential depth of a subsequent decline. 3. Bitcoin's Influence: A Crucial Factor The fate of XLM appears closely tied to Bitcoin's behavior, given the historically high correlation between the two cryptocurrencies. Investors need to keep a keen eye on Bitcoin's movements as it could significantly impact Stellar's trajectory. A bullish trend in Bitcoin might provide the necessary momentum for CRYPTOCAP:XLM to break free from its current range. 4. Pivoting Upward: Breaking the Seller's Barrier To shift towards an upward trajectory, CRYPTOCAP:XLM must overcome the seller's barrier at $0.122. Successfully challenging and surpassing this level opens the path for Stellar to target the resistance zone ranging from $0.124 to $0.128. The true bullish signal, however, lies in maintaining a stable position above $0.128, indicating the emergence of strong market buyers. 5. Market Sentiment and External Factors Beyond technical analysis, market sentiment and external factors play a crucial role in shaping CRYPTOCAP:XLM 's future. News, partnerships, and broader market trends can influence Stellar's price movements. Traders and investors should remain vigilant about potential developments that could impact CRYPTOCAP:XLM 's market dynamics. Conclusion: As Stellar ( CRYPTOCAP:XLM ) oscillates within a confined range, market participants eagerly await a breakthrough that could define its near-term trajectory. The interplay of technical levels, Bitcoin's influence, and broader market dynamics sets the stage for an intriguing period for Stellar enthusiasts. Whether CRYPTOCAP:XLM can break free from its current sideways shuffle and embark on an upward trajectory depends on a confluence of factors that investors should closely monitor in the coming weeks.
BINANCE:XLMUSD.P
by DEXWireNews
My Favorite Crypto of AllAgain, Stellar is an OG of crypto. Their team is so unbelievably professional. The Stellar Development Foundation is so well managed. They are always posting updates, news, and plans for the future; and they are not going to stop anytime soon. They are not a crypto. They are a new global financial system. They are not a bank, they are a banking system. They have transaction reversal capabilities, will be able to integrate into the existing banking system and be fully regulated like no other crypto, and are working with governments to shape policy. Stellar is as legit as they come. They are a dark horse that no one cares about because they haven't exploded 500x in price, but they are the Apple of crypto, and I will retire early because of Stellar. Don't invest in cryptos. Invest in blockchains. Invest, in the future. #XLM
KRAKEN:XLMUSDLong
by MonetaryRebel
4
XLM/USD Main trend. Timeframe 1 week. Channel. Radiant Star of 2218) One of the most “silent” cryptocurrencies. Unlike its fellow clone, pumped up by the community on the ears of pseudo-esoterics (although 589 is not going anywhere, which is, that is, it is not price)))).... Note that past secondary trend reversals are shrinking after significant dips. We are now in the lower zone of the channel, but not at the lowest potential values. Never “catch” the lows and highs, but work most of your position near those values, and you will be happy and relaxed. I advise you to combine pyramiding (up) + martingale (down), and you won't care where the price goes, because you'll be happy with either direction. It is also rational to protect your profits with stops, but not near intraday volatility. It is also natural for your peace of mind to forget about two things if you have a mind: 1) Forget margin trading. Work only on spot. 2) Forget the 1 “world's most reliable exchange” (diversification of trading and storage). Coinmarket: XLM About the enlightenment: . 1) Instant (less than 3 sec) transactions, 2) Conditionally free transactions $0.000001 (0.00001 XLM micro payments), 3) No network congestion (30 sec refund in case of failed transaction (not to be confused with exchange), 4) Smart contacts and NFT (2022), 5) "Transaction rollback" (this is an advantage, not a disadvantage for real use, not speculation), 6) Support for multi-currency transactions. 7) Interest in XLM blockchain by states. And much more... Roughly speaking, all the best worked out solutions from thousands of temporary “faith cryptocurrencies” over the last 10+ years. Incidentally, many states will be making “transitional” fiat currencies on this blockchain. For example, the long-suffering Ukraine. But then when there will be “total sadness”. Creating a problem—presenting a ready-made solution. Here's what this important zone looks like on the 1-day timeframe. Key reversal or trend continuation zone. Breakout of the local symmetrical triangle +10% to the mirror resistance level of 0.2022.
COINBASE:XLMUSD
by SpartaBTC
59
XLM - We Could See Lumens At $3 Soon...Recently, my analytical efforts have yielded significant progress, leading me to propose the possibility of Lumens reaching $3 before experiencing additional downside. This observation is integral to a broader analysis encompassing Bitcoin and a larger market pattern, indicating that not all cryptocurrencies have fully undergone this pattern yet. The upcoming year promises to be quite intriguing, with numerous ideas stemming from this analysis set to emerge soon. I wanted to begin by emphasizing this chart, as breaking through the 20 cents mark could potentially set the stage for achieving the target thereafter.
COINBASE:XLMUSD
by AriasWave
4
XLM - It Appears As Though The Downtrend Will Continue For NowIn previous videos, I suggested the possibility of the downtrend persisting, drawing conclusions from patterns observed in various charts. However, it appears we now have potential confirmation. Analyzing small degree waves can be challenging, which is why I recommended employing dollar cost averaging. This strategy enables you to acquire XLM at lower prices as you navigate through market fluctuations. Additionally, in this video, I highlight the XLMBTC chart, revealing intriguing indicators of XLM's performance in relation to BTC in the upcoming weeks and months.
Short
by AriasWave
XLM - Still Looking For A Move Higher...At this point in the pattern, the count showcased in this video may still be interpreted as the initiation of Wave 3 for the emerging bull market. Nevertheless, I will withhold confirmation until there is a breach of the 20 cent level. The erratic characteristics of these waves suggest a corrective phase until evidence suggests otherwise. Engaging in dollar-cost averaging remains a prudent strategy, as potential lower prices could offer a more cost-effective entry. This approach allows for continued participation in the market, with the flexibility to capitalize on buying opportunities, especially in the event of any unexpected positive developments from Stellar.
COINBASE:XLMUSDLong
by AriasWave
XLM - Looking A Bit Closer At The Waves In This Move...In this video, I explore the nuances of smaller degree movements, attempting to discern their current status and potential future directions. If you're acquainted with the robust beginnings of Wave 3 movements, it's crucial to be vigilant for indicators. The inception of Wave 3 typically offers limited opportunities to enter the market, acknowledging the deceptive nature of waves. However, we'll remain attentive to additional cues throughout the analysis. As highlighted in earlier videos, surpassing the 20 cents mark signifies a substantial upward trajectory. Conversely, failure to breach this level suggests a corrective phase, with the next potential move dipping below 10 cents.
COINBASE:XLMUSD
by AriasWave
Cryptocurrency Renaissance - Igniting a New EraI'm consistently labeled a permanent bear, but my stance shifts when there's a valid reason for optimism. Employing AriasWave, I meticulously explore various scenarios daily, reporting only on counts that align with the prevailing circumstances. Lately, I've observed a shift in counts favoring a more bullish outlook, and my videos reflect my current perspective. Numerous cryptocurrencies are yet to experience significant movement, but their fate is intertwined with the broader crypto market cap. Essentially, they're interconnected, akin to the subconscious connection among humans. The greatest rewards will be reaped by those who anticipate the trend before it unfolds.
by AriasWave
XLM - Stellar Will Explode In Value Once This Happens...Recently, I've immersed myself in a thorough analysis, aiming to decipher the dynamics of the market by scrutinizing patterns within the top 50 cryptocurrencies. Along this investigative journey, I've unearthed some intriguing insights. I posit that certain cryptocurrencies are strategically poised for short-term gains, while others are strategically aligning themselves for long-term growth. The crux of this fascination lies in the observation of cross-pair patterns, which I will soon elucidate. To begin, I'd like to present a perspective that clarifies my assertion—some cryptocurrencies have yet to complete Wave 1, indicating they are far from initiating Wave 2. This observation holds significance for the overall cryptocurrency market cap over an extended period. It suggests the possibility that certain alt-coins could experience a substantial surge in their market cap compared to their counterparts. The reason being their readiness for the impending major bull rally associated with Wave 3.
COINBASE:XLMUSD
by AriasWave
5
XLM/USDT Preparing for an Explosive Bull Run? 👀🚀 XLM Analysis💎 Paradisers, turn your attention to XLMUSDT, showcasing a significant setup in the demand zone, reinforced by a recent Market Structure Shift (MSS). This scenario hints at a substantial possibility of a bullish trend. 💎 Examining XLM's pattern, Stellar has consistently demonstrated its ability to surpass its descending trendline, an indicator of potential upward trends. It is currently contending with a major Bearish Order Block (OB) challenge, with continued momentum above the EMA100, targeting supply levels at $0.17. 💎 However, in the ever-changing crypto market, XLM traders need to be ready for various outcomes. Should the anticipated bullish breakthrough not occur, shifting to a rebound strategy from the support level at $0.107 will be key. 💎 A decline below this support level would signal the need for a strategic change, prompting a reassessment of the bullish perspective and the need to adapt trading strategies in response to new market developments. 💎 Stay focused and strategically adept, Paradisers. Your ParadiseTeam is committed to providing insightful analysis and strategic guidance, ensuring you make well-informed trading decisions in these dynamic market conditions.
Long
by MyCryptoParadise_Simon
1