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Cryptocurrency News Articles
XLM Price Prediction: Expert Predicts Massive Stellar (XLM) Price Rebound If This Key Level Holds
Mar 28, 2025 at 04:30 am
Stellar (XLM) is approaching a pivotal technical zone that could determine its next move, according to crypto expert Ali.
Cryptocurrency analyst Ali predicts a massive Stellar (XLM) price rebound if a key technical level holds.
Indeed, the crypto is approaching a pivotal technical zone that could determine its next move.
According to the analyst, Stellar's price has been finding support at a trendline since mid-March.
"This trendline has supported #Stellar $XLM since mid-March. If it holds, a rebound could follow," the analyst said.
According to the 4H chart for XLM, Stellar's price began forming an ascending structure around March 11, when its price was trading below $0.245 (roughly €0.22).
Since then, the market has established a clear pattern of higher highs and higher lows, supported by a gradually rising trendline.
This trendline has held through at least four separate retests; on March 13, 16, 21, and again on March 27.
During this period, XLM price movement has reflected sustained buying interest, with temporary consolidations followed by upward moves.
There were two strong breakout moves on March 17 and March 25, showing some solid momentum behind XLM. But even with that push, the price kept getting rejected around the $0.295 to $0.300 zone — that area's been acting as tough resistance.
As of the latest data, XLM price is trading at approximately $0.2869, placing it just above the trendline. The chart reveals a tightening range, with the price testing support between $0.2810 and $0.2825.
This zone has functioned as short-term support, with lower levels at $0.2700–$0.2730 acting as a backup zone based on historical reactions.
Moreover, if the buyers manage to defend the trendline, it could set the stage for another run toward the $0.295–$0.300 range, where sellers might step in again to halt the advance.
Alternatively, if the price drops below the trendline, it might continue down toward the $0.273 support zone or even lower toward the $0.270 support zone.
The post Expert Predicts Massive Stellar (XLM) Price Rebound If This Key Level Holds appeared first on Benzinga.
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