Stellar (XLM) Builds Momentum as Bulls Target a Breakout Above the $0.40 Barrier
By: cryptosheadlines|2025/05/04 14:15:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Stellar (XLM) builds strength, holding higher lows as buyers eye a key $0.40 breakout.Accumulation patterns and historical symmetry hint at a potential Stellar rally ahead.XLM’s wedge formation tightens, with a decisive move likely once volume starts rising.Stellar (XLM) is trading at $0.2874 after gaining 2.28% on the day, recovering from its March low near $0.20. The altcoin has gained momentum in recent weeks, signaling renewed bullish interest while it consolidates beneath critical resistance at $0.40.Bullish Momentum Builds Beneath Key ResistanceXLM’s daily chart on TradingView shows a defined rebound from the $0.20 support area, with price action steadily rising within a narrowing wedge formation. Volume remains relatively subdued at 61.77 million, well below the peak levels seen during the late-2024 breakout above $0.70. This tightening range reflects reduced volatility, but the price structure suggests accumulation beneath resistance.Source: TradingViewNo moving averages are explicitly shown, though the trendline from March indicates higher lows forming, often a bullish indicator in wedge patterns. The chart structure implies buyers are stepping in near support, while sellers remain active at the $0.40 ceiling. This compression zone historically precedes a decisive move, particularly after a strong rally and correction phase.Historical Symmetry Signals Another Potential RallyAnalyst Osemka notes that XLM’s current behavior closely mirrors its 2015–2018 cycle, including accumulation, breakout, and post-impulse consolidation. The 2023 breakout above a multi-year base resembled the vertical rise seen in 2017, and the current descending wedge echoes the same corrective structure before Stellar’s prior bull run. Price now holds just above historical support between $0.12–$0.13, reinforcing bullish structure.Another analysis from him reinforces this parallel, highlighting consistent accumulation zones followed by impulsive breakouts and shallow retracements. Fibonacci patterns suggest a possible continuation toward higher levels if current consolidation holds. Analysts also emphasize that prior resistance zones have flipped into support, a bullish signal that underpins the stability of the current uptrend. https://x.com/Osemka8/status/1915704522778816777 Breakout Confirmation Hinges on Volume and StructureThe $0.40 resistance remains the line in the sand; clearing it could spark a surge back toward the $0.70 zone. Historical data suggests that similar wedge breakouts led to vertical rallies once the price cleared horizontal ceilings with rising volume. Traders are closely watching for a daily close above this threshold to confirm bullish continuation.Conversely, a breakdown below $0.20 would negate the current bullish setup and could trigger further downside toward the $0.10 zone seen in late 2023. According to Osemka, the current structure favors bulls, with consistently higher lows, volume-backed impulse moves, and recurring historical patterns. If momentum sustains, Stellar may be preparing for its next significant breakout.Source link
You may also like

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.