Stellar (XLM) Price Skyrockets 50% in 24 Hours, Mimics XRP and ADA to Target $1

Stellar (XLM) price surged 50% in the past 24 hours to hit $0.43. Riding the coattails of its peers XRP and ADA, XLM has gained 170% over the past week

Stellar (XLM) price soared by 50% in the past 24 hours, surging to $0.43. Continuing the momentum of its peers, XRP and ADA, XLM has clocked a 170% gain in the past week, indicating renewed interest in the token and its potential for further growth.

Stellar Price Surges After Months of Consolidation

Stellar had been consolidating in the $0.09 price range for months before joining the broader crypto market rally. Now, surging to $0.43, XLM has seen a significant breakout in the past few days, riding a wave of market optimism.

XLM/USD 4-hours chart - TradingView

Stellar Price Analysis

Closely linked to its peers, Stellar's price action appears to be influenced by XRP and ADA, which have seen substantial gains in recent days. As XRP breached $1 and ADA surpassed $1, XLM has mirrored their trajectory, clocking a gain of 170% in just a week.

Stellar Price Prediction: Aiming for $1

According to analysts, Stellar's next target is $0.80, with the psychological milestone of $1 firmly in sight. However, potential retracement levels include $0.36 and $0.31, where buyers might consider entering if corrections occur.

XLM/USD 1-month chart - TradingView

Stellar Price Analysis: XLM Surges by 50% in 24 Hours, Hitting $0.43, as Crypto Market Turns Bullish - CryptoSlateoutput: Stellar (XLM) price soared by 50% in the past 24 hours, surging to $0.43. Continuing the momentum of its peers, XRP and ADA, XLM has clocked a 170% gain in the past week, indicating renewed interest in the token and its potential for further growth.

Stellar Price Surges After Months of Consolidation

Stellar had been consolidating in the $0.09 price range for months before joining the broader crypto market rally. Now, surging to $0.43, XLM has seen a significant breakout in the past few days, riding a wave of market optimism.

XLM/USD 4-hours chart - TradingView

Stellar Price Analysis

Closely linked to its peers, Stellar's price action appears to be influenced by XRP and ADA, which have seen substantial gains in recent days. As XRP breached $1 and ADA surpassed $1, XLM has mirrored their trajectory, clocking a gain of 170% in just a week.

Stellar Price Prediction: Aiming for $1

According to analysts, Stellar's next target is $0.80, with the psychological milestone of $1 firmly in sight. However, potential retracement levels include $0.36 and $0.31, where buyers might consider entering if corrections occur.

XLM/USD 1-month chart - TradingView