Stellar XLM: advance to $ 0.74 - Bullishe sign for investors!
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.
In summary, it can be said that Stellar (XLM) not only benefits from an increasing activity in the Defi sector, but is also technically well positioned for potential price gains. Analysts and investors should keep an eye on developments because a outbreak from the channel pattern could have far-reaching consequences for the price.For more information about the current development of Stellar (XLM), read fxstreet.
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