- Stellar (XLM) has continued on a rally path as it traded above the 0.618 Fibonacci retracement at $0.20..
- A valid break above the $0.58 resistance may start a route to the $1 objective in the subsequent sessions.
- XLM is priced at 0.4523 with a 7-day gain of 18.81% and record loss of 2.83% in 24 hours.
Stellar (XLM) is trading above significant Fibonacci levels of supports. So, it sent a bullish idea and now it’s looking to test the area of $1. The asset stays strong through short term swings with main resistance levels up for grabs right now.
XLM Price Structure and Key Technical Levels
Crypto Patel shared via Twitter that XLM has respected the 0.618 Fibonacci retracement level at $0.20 as a strong demand zone. This area has attracted institutional and long-term buyers, forming a solid base after a deep corrective phase.
The price has since delivered over 700% year-on-year growth, maintaining structure while holding above the $0.20–$0.25 support zone. This level also coincides with the 0.5–0.618 Fib range, commonly identified as a continuation zone for sustained upward momentum.
Resistance Zones and Target Projections
The current chart setup shows price moving toward a major resistance level at $0.58. This area has historically acted as a supply barrier, and a confirmed breakout could pave the way toward the $1 target. Beyond $1, technical projections suggest a possible run toward $1.70–$2.00, depending on market sentiment.
Crypto Patel’s analysis outlines that the breakout may be followed by a retest of the $0.58 zone before acceleration. This would offer confirmation of breakout strength and reduce the likelihood of false moves.
Current Market Performance and Volatility
As of writing, the Stellar is trading at an average price of 0.4523 and has 24h trading volume of 472,695,444. In the last seven days, the cryptocurrency has posted a positive growth of 18.81 percent while experiencing a negative growth of 2.83 percent in the last 24 hours.
Even though the overall trend is positive, the volatility is elevated and steep corrections within the uptrend are always in the cards. It is also necessary to keep the price above 20 cents to save the curr
