A prominent crypto expert predicts a potential price surge for XLM based on a buy signal from the TD Sequential indicator. AMBCrypto's analysis suggests a 25% rally to $0.45 if XLM holds support at $0.33, or a 33% decline to $0.22 if it breaks below. On-chain data indicates strong buying pressure and increased interest from long-term holders, while trader sentiment leans bullish.
XLM , the native token of Stellar , is showing signs of reversing its downward trend due to positive price action, as reported by a prominent crypto expert. The expert shared on X (formerly Twitter) that the TD Sequential technical indicator is signaling a buy opportunity for XLM . Additionally, the expert suggests that a price rally is contingent upon XLM maintaining support at the $0.33 level; otherwise, a decline may occur.
AMBCrypto's technical analysis indicates XLM is consolidating within a range of $0.34 and $0.39, near a crucial support level of $0.347, over the past four trading days. This consolidation will be key in determining XLM's future price direction. Based on recent price action and historical momentum, if XLM holds this support level, there's a strong possibility of a 25% surge to the $0.45 level. Conversely, if it fails to hold and closes a daily candle below the $0.33 mark, the price could drop by 33% to reach $0.22. The XLM daily chart shows the price is overextended and significantly distant from the 200 Exponential Moving Average (EMA), although it suggests an ongoing uptrend. Adding to the bullish outlook, on-chain data from Coinglass reveals that long-term holders and traders are showing increased interest in XLM as it approaches a key support level. Data from XLM spot inflow/outflow metrics shows a significant outflow of $6.5 million worth of XLM from exchanges, indicating heightened buying pressure, potential upside momentum, and an attractive buying opportunity. Furthermore, traders are demonstrating strong bullish market sentiment. The long/short ratio for Binance's XLMUSDT pair currently stands at 1.87, with a ratio above 1 indicating bullishness. Data also reveals that 65.4% of top traders on Binance currently hold long positions, while 34% hold short positions
XLM Stellar Price Prediction Bullish Signals Technical Analysis
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