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Stellar XLM: advance to $ 0.74 - Bullishe sign for investors!
Stellar (XLM) reaches 62 million USD to Total Value Locked. Technical analysis shows bullish trend with a target at 0.74 USD.
Stellar XLM: advance to $ 0.74 - Bullishe sign for investors!
On May 2, 2025, the price of Stellar (XLM) shows stable trading within a channel pattern. This pattern that has existed since the end of November is defined by the connection of several highs and lows with two trend lines. A outbreak from this channel could signal positive market behavior. XLM is currently being traded at around $ 0.343, while analysts classify a price of up to 0.74 USD as a potential goal.
Defillama's data show that the Total Value Locked (TVL) from XLM has risen to an impressive USD. This is a clear indication for the growing interest and the activity in the Stellar ecosystem. For comparison: The TVL was $ 53.57 million on February 9 and has increased significantly.
technical analysis and market development
The technical analysis of XLM shows that the price near the 200-day Exponential Moving Average (EMA) found support at $ 0.284. A crucial breakthrough and closing above the channel area at around 0.416 USD could result in an increase of up to 77 % to the target of $ 0.740. The relative strength index (RSI) on the daily chart is currently 45 and has recently exceeded an oversized level of 30. For a sustainable bullish movement, the RSI must remain above the neutral level of 50.
In addition, the moving average convergence diversity (MACD) shows a bullish crossover on the daily chart. The MacD line is located above the signal line, which indicates a purchase pressure of buyers. The rising green histogram beams over the neutral line confirm the bullish momentum development.
For more information about the current development of Stellar (XLM), read fxstreet.