Is Stellar (XLM) Ready for a $1.80 Surge? Key Price Targets

• XLM is poised for a breakout, with key resistance at $0.36254 and support at $0.30051.
• A breakout above $0.41806 could send XLM toward $1.80, signaling strong upward momentum.
• If XLM falls below $0.30051, it may signal a bearish trend, with further declines possible.

Stellar (XLM) seems poised for a breakout, with analysis indicating a bullish flag pattern formation. In an X post on Saturday, Ali Martinez pointed out that XLM may be on its way to attaining a new price surge. The flag pattern indicates further upward movement after consolidation, which suggests that XLM might experience a significant price rise soon.

XLM Key Support and Resistance

As of press time, XLM is trading at $0.3562, although it has significant technical support at $0.30051. This support has held strong, providing a foundation for further price movements. If XLM stays higher than this level, it will continue the upward movement and head for a breakout. The $0.41806 level is the nearest resistance that XLM needs to overcome to continue its upward movement.

If XLM exceeds the $0.41806 level, the next resistance will be $0.63661. XLM could test the $1.80 level if it breaks through the $0.63661 level. However, for a confirmed breakout, XLM must close above $0.36254 first.

Related: After A Month of Decline XLM is Surging – What’s Behind?

A clear breakout above this level would give the bulls the necessary confidence to drive the prices higher. As long as XLM trades below this resistance, uncertainty continues, and traders must wait for confirmation while position-taking.

Bearish Trend Below Support

A drop below $0.30051 could signal further downside movement. In this case, the price could reach the next support level close to $0.23832. Any further downside break of this support suggests a bearish bias for the next possible path lower for the price.

XLM is currently trading between key resistance at $0.36254 and strong support at $0.30051. Traders should watch for a move above $0.36254 to confirm a bullish trend. In the long run, if XLM holds this support level and successfully breaks through resistance, it could potentially reach $1.80.

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