Stellar (XLM) shows bullish signals with rising TVL and positive sentiment, hinting at a potential price breakout. Will it reach $0.40 or even $1?
Yo, crypto fam! XLM (Stellar) has been kinda quiet lately, but whispers are getting louder about a potential price surge. Let's dive into what's brewing with XLM and why some analysts are seeing bullish signals.
Stellar's TVL Skyrockets While Price Lags?
Here's the deal: While the XLM price has been chillin' in a descending channel, its Total Value Locked (TVL) has exploded. We're talking an 11x jump in just four months! That's like, a whole lotta investors suddenly trustin' what Stellar's cookin'. This surge in TVL, hitting $86.7 million, suggests that despite the price dip, people are puttin' their money where their mouth is... or where their lumens are, I guess.
Funding Rates and Sentiment Flip Bullish
But wait, there's more! The XLM funding rate has turned positive, meaning more traders are bettin' on a price increase than against it. Plus, the overall sentiment around XLM is gettin' all warm and fuzzy. Santiment's weighted sentiment shows that the intensity of positive emotions is outweighing the negative vibes. Basically, folks are feelin' good about XLM's chances.
Can XLM Break Free?
XLM's been stuck in a falling channel, which can be a real drag. But it's holdin' steady at a key support level, which is a good sign. If XLM can bust through the upper border of this channel, some analysts are predictin' a retest of the $0.40 mark. Scopuly, a stellar-based DeFi wallet, even thinks it's headin' for $0.46!
Whales Are Accumulating XLM
Don't forget that the whales are circling, too. Whale wallets are accumulatin' XLM, transaction volume is up, and active addresses are climbin'.
The $1 Dream: Possible by 2025?
Alright, let's get real. Can XLM actually hit $1? Some analysts think so, especially if the altcoin season heats up. Technical indicators like the MACD are flashin' bullish signals, and if XLM can break past $0.48 and then $0.55, $1 becomes a real possibility by late 2025.
My Two Lumens on XLM
Look, I'm not gonna tell you to bet the farm on XLM. But the combination of rising TVL, positive sentiment, and potential breakout from the descending channel is definitely worth payin' attention to. Plus, the fact that whales are loadin' up on XLM suggests they see somethin' we might be missin'. Keep an eye on that upper channel border; a breach could signal the start of somethin' big.
So, is XLM about to go parabolic? Only time will tell, but the signs are definitely lookin' brighter than they have in a while. Keep those lumens locked and loaded, folks!
