Stellar Price Prediction: XLM Price Could Reach $0.500 Level

The Stellar price prediction may cause the coin to create a new upward movement as the technical indicator heads to the north.

The Stellar price prediction might lead the coin to create a new upward movement as the technical indicator heads to the north.

Currently, XLM price is trading at $0.456, with a market cap of $13.62 billion. It has a circulating supply of 30.34 billion and a total supply of 50 billion. Among cryptocurrencies, Stellar (XLM) ranks #16 on Coinmarketcap.

From its all-time low of $0.001227 in November 2014, Stellar (XLM) has seen a staggering +36,500.93% increase, highlighting the potential rewards for early adopters in the crypto market. Over the last 24 hours, XLM price has moved between $0.4418 and $0.4842, indicating steady activity. However, it remains -52.13% below its all-time high of $0.9381, reached in January 2018.

XLM /USD Market

Key Levels:

Resistance levels: $0.650, $0.655, $0.660

Support levels: $0.250, $0.245, $0.240

XLMUSD – Daily Chart

The daily Stellar (XLM/USD) chart shows that the price is currently trading above both the 9-day and 21-day Moving Averages (MAs), indicating a bullish bias in the short to medium-term. The price has also moved upwards within a rising channel, testing the resistance level at $0.486, while the support is firmly established at $0.446. The increasing volume accompanying the recent price action indicates growing interest and momentum in favor of the bulls.

Stellar Price Prediction: XLM Price Could Reach $0.500 Level

According to the daily chart, the Stellar price may continue to create a new uptrend as it is likely for the coin to hit the resistance level of $0.600 if the price moves toward the upper boundary of the channel. Meanwhile, if the bullish momentum continues, the market could retest the upper boundary of the channel near $0.650, which serves as the next significant resistance level. A successful breakout above this level could pave the way for further upside, potentially targeting $0.655 and $0.660 respectively.

On the other hand, a rejection at the resistance level could lead to a consolidation phase or a potential pullback toward the lower boundary of the channel near $0.400, which coincides with the 21-day SMA acting as dynamic support. However, the current price trajectory favors the bulls as long as the market sustains its position above the moving averages and the rising channel’s midline. Traders should watch for a breakout above $0.650 to confirm continued upward momentum or a breakdown below $0.400 for signs of a bearish reversal which could hit the supports at $0.250, $0.245, and $0.240.

XLM/BTC Could Hit 600 SAT Resistance

Against Bitcoin, the daily chart for Stellar indicates a bullish trend, with the market price currently at 467 SAT, trading above the 9-day and 21-day Moving Averages (MAs). The price is within a rising channel, and the immediate resistance lies at 600 SAT, while strong support is observed at 290 SAT and below. The recent move above the 9-day MA signals strengthening bullish momentum.

XLMBTC – Daily Chart

Meanwhile, if the upward trend continues, the market price may aim to test the resistance at 650 SAT and above. A breakout above this level could pave the way toward the next target near 700 SAT. However, a rejection near the resistance could see the price retrace to the 21-day MA or the channel’s midline around 400 SAT, where buyers might step in to provide support.

Nevertheless, @CW8900 shared an analysis with his followers on X (formerly Twitter), highlighting that $XLM is currently testing a major resistance line. If it successfully breaks through, the next target is $0.60, with the ultimate price goal remaining at $0.82.

$SUI pressing its nose against the ceiling… after this it should go into hyperspace. cc @blknoiz06 pic.twitter.com/Qrq004PAZe

— Raoul Pal (@RaoulGMI) January 3, 2025

Alternatives to Stellar

The Stellar price is hovering around the resistance level of $0.456 after touching the daily high of $