- XLM forms a bull flag pattern, signaling a potential breakout with targets at $0.681 and $1.20 if bullish momentum holds.
- Strong accumulation near $0.26-$0.28 and rising volume suggest bulls are in control, eyeing a breakout past $0.387 resistance.
- A falling wedge breakout and higher highs indicate trend reversal; sustained support could drive a 120% rally.
Stellar Lumens (XLM) is displaying strong bullish momentum, suggesting a potential rally as per Javon marks. The price recently bounced off key support and is now approaching resistance. Traders anticipate a breakout that could trigger a massive upward move.
Bull Flag Pattern Signals Strength
XLM is creating a bull flag pattern and maintaining its position above key support. Large price spikes are frequently the result of this bullish continuation situation. High trade volume and concealed positive divergence further support the possibility of an upward breakout. The price of XLM is currently consolidating within a falling pattern, indicating a brief decline ahead of a possible rise.
Besides, price targets of $0.681 and $1.20 remain within reach if bullish momentum sustains. Historical price movement suggests a potential rally of over 120%. The wedge breakout confirms a shift from bearish to bullish sentiment, further strengthening the probability of continued gains.
Resistance and Breakout Potential
XLM’s price recently tested the lower support of the falling wedge and rebounded as shown by analyst crypto VIP Signal. This suggests strong accumulation near the $0.26-$0.28 region. Resistance at $0.37-$0.387 remains a key barrier. If XLM breaks above this level, a rapid rally toward $0.68 and beyond could unfold.
Moreover, volume analysis supports this outlook. Increased buying activity during previous breakouts highlights strong bullish interest. If volume spikes again near resistance, it could confirm a breakout. Conversely, failure to breach resistance may lead to extended consolidation.
Higher highs and higher lows indicate an ongoing trend reversal. The falling wedge breakout, combined with volume strength, suggests that bulls are in control. If price action remains above support levels, a significant upside move could follow.
