Stellar's (XLM) Rally to $0.1426 Halts, Price Consolidates

Amidst a market downturn as Bitcoin struggles to hold dominance over $35K, altcoins are fueling a recovery rally. Stellar's XLM price trend exhibits a bullish reversal, yet its breakout rally remains elusive. Despite an overall bullish trend, XLM price holds a 108% year-to-date growth. With altcoins outperforming Bitcoin, it hints at a potential altcoin season in 2024.

With the overall market taking a short correction as Bitcoin fails to hold dominance over $35K, the altcoins are driving the recovery rally on reserve fuel. In a similar situation, Stellar’s XLM price trend displays a bullish reversal, struggling to find a boost for a breakout rally.

Nevertheless, with an overall bullish trend following a remarkable recovery in 2024, Stellar’s (XLM) price holds a 108% year-to-date growth. Moreover, with the altcoins outperforming Bitcoin in the last few weeks, it teases a new altcoin season in 2024.

Further, the XLM prices are on a rally with restarting the prevailing uptrend following the pullback trendline breakout.

This intricate dynamics raises the curtain for the million-dollar question: “Is XLM a good investment? Will XLM make a comeback? Will XLM reach $1?”

We’ve crafted our Stellar Lumens Price Prediction 2024-2030 to navigate these swirling currents of curiosity.

In our latest article, we step into our cosmic exploration of XLM Price Prediction 2024-2030. 

What’s New With Stellar Lumens (XLM)?

Stellar’s Unique Proposition: Stellar (XLM) focuses on cross-border transactions and remittances, aiming to revolutionize money transfers for global accessibility.

Strategic Partnerships and Collaborations: Stellar’s growth is influenced by partnerships, like with the Ukrainian government for a digital asset ecosystem, VISA for faster payments in Africa, and collaborations with MoneyGram and Techstars.

Market Sentiment and Price Rally: Stellar’s recent price rally, driven by Ripple’s partial win in the SEC lawsuit, has renewed interest in XLM and may push its price to $0.24 by the end of 2024.

Stellar Price Analysis

Looking at XLM’s historical price charts, we can see that it typically moves in cycles. In the past bull runs from 2017 to early 2018, XLM reached highs over $0.70 before falling back down with the market declines. Recently, its 50-day and 200-day moving averages have been rising, which technical analysts view as a positive sign. The price has been stuck in a descending triangle pattern on the daily charts for months. However, many traders will watch to see if XLM can break out of this bearish continuation pattern by surpassing resistance at $0.25 in the coming months.

Stellar’s blockchain has seen growing usage in recent years, which could positively impact XLM prices. More fintech firms and remittance services adopting the Stellar protocol show increasing real-world usage and adoption of the platform. Upgrades to lower costs and quick transaction speeds could also attract more decentralized applications to be built on top of Stellar. If this trend of rising adoption continues, it puts upward pressure on the value of XLM.

Beyond technical and fundamentals, crypto prices are heavily driven by broad market sentiment. If history repeats, altcoins like XLM would likely surge again in a new bull cycle between 2024 and 2025. However, macro factors such as a prolonged crypto winter, increased regulatory crackdowns, geopolitical tensions, and recession risks could dampen overall bullish fervour and pressure coin prices lower than in previous cycles. Favourable news and avoiding negative press will boost market confidence in XLM.

Stellar Lumens Price Prediction February 2024

With most of the altcoins performing exceptionally well to gain double-digit returns in recent weeks, the XLM coin price stands amongst the blue-chip coins in the top gainer’s chart. With a two-week-long recovery rally, the Stellar coin price displays an inverted head and shoulder pattern breakout.

The XLM price shows the breakout rally struggling to take off from the ongoing consolidation range and gives a negative cycle. Therefore, the short-term price trend highlights an overhead selling pressure as the markets remain silent.

If Stellar can take off a bullish rally from $0.1159, the XLM coin price can experience a bullish climb to the $0.1426 level, accounting for a 16% increase. Conversely, failure to sustain above the $0.1159 level could result in a downfall to the $0.1069 mark.

Also Read : Analysts Who Correctly Predicted 2021 Shiba Inu Price Rally See Similar 1164% Surge Ahead

XLM Price Forecast 2024

If the Stellar ecosystem continues to gain momentum in 2024, the XLM price is expected to reach the height of $0.44. On the downside, if the Stellar ecosystem faces regulatory pressure and fails to gain momentum in the adoption race, the XLM price might slide down to $0.3. Therefore, traders can expect an average price of $0.37 for Stellar in 2024.

Stellar Lumens Price Prediction 2025

Investors can find the XLM price sustaining above the psychological barrier of $0.4 and create another swing high at $0.69. In case of a bearish correction, the XLM prices might slide down to $0.4, making an average price of $0.545.

Stellar Lumens Price Prediction 2026 – 2030

XLM Price Prediction 2026:

• High: $1.02
• Low: $0.52

XLM is projected to reach a high of $1.02 in 2026, potentially reaching a psychological level of $1.1. The low is expected to be around $0.52, with an average price of $0.77.

XLM Price Prediction 2027:

• High: $1.25
• Low: $1.11

XLM is expected to continue its bullish run in 2027, potentially reaching a high of $1.25. The low is projected to be $1.11, with an average price of $1.18.

XLM Price Prediction 2028:

• High: $1.31 
• Low: $1.57

XLM is forecasted to trade within the range of $1.31 and $1.57 in 2028, with an average price of $1.44.

XLM Price Prediction 2029:

• High: $1.78
• Low: $1.51

XLM is expected to surpass $1.5 and reach a high of $1.78 in 2029. The low is projected to be $1.51, with an average price of $1.645.

XLM Price Prediction 2030:

• High: $2.04
• Low: $1.89

XLM is anticipated to achieve a new all-time high of $2.04 in 2030. The low is projected to be $1.89, with an average price of $1.965.

CoinPedia’s Stellar Price Prediction

Soaring with the altcoins, Stellar Price Prediction projects an uphill movement in the coming years. Moreover, the recent breakout will push the price of XLM to soar to a maximum of $0.44 by the end of 2024.

Contrastingly, the updates not yielding the desired results could turn bearish for the price, which could fall to $0.10.

In the long term, the power-packed use case of Stellar will increase the XLM demand, driving the price higher.

We expect the Stellar Lumens (XLM) Price to reach the height of $0.44 by the end of 2024.

Market Analysis

*The aforementioned targets are the average targets set by the respective firms.

Stellar Historical Market Sentiments

• XLM was priced at $0.003 on Sept. 15th, 2014, shortly after its initial coin offering (ICO). 

• Stellar Development Foundation (SDF) invested $5 million in Abra, a leading cryptocurrency wallet and exchange application, in May 2020.
• Stellar-based stablecoin, USDC, was launched by the Centre Consortium (comprising Coinbase and Circle) in October 2020.
• Stellar announced a partnership with the Ukrainian government in January 2021 to develop a digital asset ecosystem and national digital currency.
• XLM had a heroic start to the year, as it hit an ATH of $0.9381 in May 2021.
• Stellar partnered with VISA to enable faster payments in Africa.
• Stellar announced a partnership with MoneyGram and Techstars.

Navigating Stellar’s Future – A Conclusion on XLM’s Potential

Based on our analysis of XLM’s technical indicators, adoption trends, and the potential market cycles between 2024-2025, it is possible that Stellar’s coin could reach $1 within that time frame. The price will likely trend upwards with another bull run, with targets potentially reaching $0.44 by the end of 2024. However, macro factors could intervene, and XLM may face resistance to breaking past previous all-time highs. It’s important to remember there is uncertainty in predicting cryptocurrency prices, so do your research when investing. Only invest amounts you can afford to lose and be prepared for volatility.

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