- XLM maintains a bullish trend with potential for further upward movement toward $1.29.
- After 2025’s correction, XLM reaffirmed its strength, staying above key support levels.
- Technical indicators suggest continued growth, with XLM targeting $0.681 and beyond.
Stellar (XLM) has upheld a bullish structure since its 2023 reversal, with technical indicators signaling renewed upward momentum. Higher price targets remain active across the current trend, suggesting continued bullish sentiment and potential for further price growth.
Structural Bullish Reversal and Continuation
Javon Marks, a prominent analyst, highlighted the chart’s clear upward shift starting from XLM’s 2020 low near $0.026. This was followed by significant expansion, with a peak near $0.79 in May 2021. The XLM price structure then entered a temporary consolidation phase, which led to controlled retracements that respected key trendline zones, maintaining the bullish bias.
Source: Javon Marks
A breakout above the descending trendline confirmed a shift in market strength. Marks provided an in-depth analysis of the structural evolution and breakout’s implications. As volatility increased, he focused on short-term support structures and broader expansion patterns taking shape across the chart.
Marks tracked a +564% move after his initial analysis, targeting $0.681. Despite recent dips, this move remained intact, holding above the 2023 higher low. A further 161% increase could materialize toward $0.681 from the latest reaction point, with bullish momentum fueling continuation. If upward pressure persists, a secondary breakout could push XLM toward $1.291819.
Fresh Breakout Channel Fuels Secondary Bullish Wave
Javon Marks, in his second analysis, observed that after early 2025’s correction, bulls reloaded, reaffirming strength near $0.225. Following the vertical push above $0.25, consolidation created a healthy recharge zone. At no point did the price structure break below the 2023 bullish pivot, strengthening the outlook for a continued bullish trend.
Marks’ chart analysis confirmed that this consolidation strengthened the bullish outlook. A retest near resistance zones led him to reassess projections, with a wedge formation controlling the price until mid-2024. By 2025, a short-term descending pattern emerged but remained within the broader bullish trend.
The structure formed a solid support area while preserving the macro trend into 2028. Price action continues to align with continuation targets, including $0.687 and $1.239879. Historical lows remain intact, supporting the bullish thesis across all timeframes.
