- Stellar’s $XLM confirms a bullish breakout above the $0.28 level, signaling a potential end to its prolonged bearish phase.
- Technical analysis projects a measured move for $XLM toward $0.48, forecasting a potential 95% rally from the breakout point.
- Trading volume supports $XLM’s breakout structure, with price action maintaining momentum despite a slight daily decline of 1.52%.
Stellar’s native token, $XLM, has confirmed a bullish breakout, with its price structure showing strong signs of trend reversal. Current market behavior suggests $XLM could be setting the foundation for a major upward rally.
$XLM Bullish Flag Breakout Confirms Structure Shift
Clifton Fx recently reported that $XLM has broken out of a prolonged descending channel, changing its bearish trend. This channel had been characterized by lower highs and lower lows, keeping the market under pressure for an extended period.
The breakout above the channel’s upper boundary around the $0.28 level marks a major structure shift. Historically, such breakouts after a long decline signal the beginning of a bullish phase. Traders now look for $XLM to sustain above this level, establishing the former resistance as new support.
A measured move projection suggests a target near $0.48 USDT, almost a 95% rally from the breakout zone. This projection mirrors the size of the previous range above the breakout point, following classic technical breakout behavior.
Potential Scenarios for $XLM After Breakout
Several scenarios are currently in play for $XLM after its breakout. The most favorable outcome would be a bullish continuation. If the price remains above the $0.28 level and attracts sufficient volume, the rally could extend toward the $0.48 target.
Alternatively, a false breakout scenario could unfold. If momentum fades and $XLM falls back into the descending channel, the bullish breakout would be invalidated. This would suggest a continuation of the previous bearish structure.
Another possible situation involves a healthy retest of the breakout point. In this case, $XLM could revisit the $0.28 level, confirm it as support, and then launch sharply upward. This retest and continuation scenario would strengthen bullish confidence.
Current $XLM Price Action and Market Context
At the time of writing, Stellar $XLM is at $0.2861, down slightly by a modest 1.52% within the last 24 hours. While the day saw a modest decline, $XLM is up a substantial 18.50% for the week, highlighting increased bullish strength
The 24-hour trading volume stands at $184,871,685, indicating consistent market activity. If volume continues to support the current structure, the bullish outlook remains favorable. However, traders are closely watching the $0.28 support zone for further confirmation of the trend.
Overall, the breakout, volume behavior, and structural changes suggest $XLM may be entering a new bullish phase.
