- The bullish trend in XLM can be attributed to strong technical indicators as well strategic partnerships between Circle and MoneyGram.
- If momentum persists, XLM might reach $0.65 as early as 2025. By May 2025 it could be up to $1.32.
Despite the bullish signal for Ripple(XRP) Stellar(XLM), previously discussed According to a CNF report, Stellar Lumens(XLM), native cryptocurrency of Stellar, recently saw significant fluctuations in price, catching the eye of investors and analysts.
The technical analysis indicates a bullish view for XLM. Relative Strength Index is at 74.10 which indicates overbought conditions, and could be a precursor to a phase of consolidation. Moving Average Convergence Divergence has also shown a bullish cross, which is usually a sign that the market will continue to move upward.
Ichimoku Clouds analysis confirms the bullish trend, as XLM remains above it, and a green formation is expected to form ahead. This could signal a sustained increase in price.
Strategic Partnerships and Ecosystem Growth
Stellar’s strategic initiatives, beyond the price movement of its coins, have strengthened Stellar’s position within the financial sector and in blockchain. Stellar Development Foundation has formed partnerships with financial institutions such as Circle and MoneyGramStellar’s ability to conduct low-cost, fast transactions will help improve the cross-border solutions.
Stellar’s integration with USD Coin and its real-time features of settlement has increased the reach and potential demand for XLM.
Future Outlook and analyst Predictions
CNF Report analyzed How XRP led to the 2023 market recovery. Analysts continue to be optimistic about XLM. They predict that if the momentum continues, XLM will reach $0.65 in 2025. It could even rise as high as $1.32 before May 2025.
Stellar’s technology and partnerships as well as the continuation of bullish trends are key to these projections.
XLM’s value has increased by around 32% over the past seven days, moving its market capitalization to $13 Billion. The rally started when XLM reached support at $0.31, rising 27% in three days. Futures open interest also doubled, indicating increased trader activity and capital inflows.
Stellar (XLM), as of right now, is currently trading for approximately $0.3460Reflecting a 1.28% The number of people who have been able to increase their income in the previous day has increased but 1.21% The price of XLM has declined over the last week. Below is a chart of XLM prices.
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