Stellar (XLM) Price Increase to $0.38 Predicted, Here’s Why!

Jakarta, Pintu News – After experiencing a tumultuous start to the week, the price of Stellar appears to be starting to find stability with prices rising above the $0.28 level this weekend. This growing momentum has caught the attention of market enthusiasts, with leading crypto analyst Ali Martinez projecting that the XLM token will soon experience sustained price increases.

Stellar Price Increase Projections

In a post on X on March 15, Martinez shared an interesting projection for Stellar’s price after rebounding from critical levels. According to him, the altcoin has the potential to reach new highs in the coming weeks. This bullish projection is based on the formation of a descending channel pattern on XLM’s daily chart.

The descending channel pattern, which is common in technical analysis, is characterized by two descending main trend lines. The upper boundary line connects a series of lower highs, and the lower channel line connects lower lows.

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Technical Analysis and Potential Reversal

Asset prices usually stay within a channel; with the upper boundary line acting as resistance and the lower channel line being considered a floor of support. A descending channel formation is usually a bearish pattern, indicating the continuation of a downward trend.

However, when the price breaks out of the lower channel line, it signals a continuation of the downward trend. Conversely, breaking out of a descending channel can be used to identify a trend reversal point – usually from a bearish trend to an uptrend.

Potential Price Increase of up to 40%

XLM price has been in this descending channel since November 2024, recently bouncing back from the lower boundary line. As seen in the chart above, the altcoin dropped to support around the $0.23 level in early March, but has since reversed towards the centerline of the channel.

According to Martinez, the next price target for XLM is $0.30 at the midline of the channel. However, the analyst believes that Stellar could reach as high as $0.38 at the upper boundary line, which represents a potential surge of 40% from the current market price. The last time Stellar traded around the $0.38 region was in early February and since then it has dropped as low as $0.23.

Conclusion

Currently, the XLM token is valued at around $0.27, reflecting a 0.83% increase in the last 24 hours. According to data from CoinMarketCap, Stellar’s price has fallen by 0.76% in the past seven days despite a poor start to the week. Meanwhile, the altcoin’s value has declined by 17.25% in the last month.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Stellar (XLM) Price Could Surge to $0.38, Analyst Explains How. Accessed on March 17, 2025
• Featured Image: The Block