- Stellar (XLM) has dropped 6% today and 8% this week, slipping below its 10-day moving average that supported July’s upward rally.
- Analyst Javon Marks predicts an 80%+ upside, saying the current setup mirrors the 2015–2018 cycle that led to a major breakout.
- Peter Brandt says XLM must hold $0.22 and break $1 for a full bull run, while $0.45 remains a crucial short-term level.
Stellar (XLM) has dropped below its 10-day moving average, which served as key support during July’s upward movement. The price now stands at $0.43, showing a 6% daily and 8% weekly decline.
Technical Indicators Signal Caution
The dip below the 10-day moving average has caught attention, with market participants seeing this as a turning point. During July’s rally, this moving average offered consistent support. Its recent breach suggests weakening momentum.
Adding to the cautious outlook, the BBP indicator has turned red. This shift indicates that sellers are increasing pressure, attempting to gain control. Market observers now watch for any bullish reaction. If buyers manage to push XLM above $0.45 with meaningful volume, a move toward $0.50 may unfold. Until then, the $0.42–$0.45 zone is being treated as a key decision area.
Analysts See Patterns from Past Cycles
According to analyst Javon Marks, the current chart setup mirrors the 2015–2018 cycle. That period led to a breakout and long-term upward trend. Based on this pattern, Marks projects an 80% upside for XLM, targeting $0.79 as the next milestone. He also noted the possibility of a return to $8 in the long term.
Meanwhile, experienced trader Peter Brandt emphasized two levels. He stated that XLM must stay above $0.22 to retain its bullish setup. For a full-scale bull run to take shape, Brandt said a breakout above $1 is required. Until that happens, the asset remains in a wait-and-see zone.
Price Zone to Watch in the Near Term
All eyes are on the $0.42–$0.45 range, where key activity is unfolding. This area has become a testing ground between bullish recovery and extended downside. A breakout above this range could mark the start of a short-term rebound, while rejection may invite more selling.
XLM’s current structure reflects both caution and potential, with price action in this range likely to dictate the asset’s next direction.
