news 
XLM Price Set for a 30% Surge: Here’s What You Should Know
The price of Stellar (XLM) is expected to rise by as much as 30%, according to recent market analysis. This prediction comes after the altcoin has been gaining momentum in recent days, with its value poised to skyrocket.
To understand this potential surge, it is essential to examine the technical patterns and market shifts that are supporting this forecast. One key indicator is XLM’s daily chart, which shows a head and shoulders pattern forming. This typically signals a breakout, which could lead to significant gains if the price closes above $0.47.
Another crucial factor driving this prediction is the increasing interest from both long-term holders and traders in XLM. Over the past 24 hours, long-term investors have accumulated over $3.05 million worth of tokens, indicating strong confidence in the token’s potential. Additionally, Open Interest has increased by 27%, with a long/short ratio of 1.13, demonstrating that more traders are betting on the coin’s rise.
According to market experts, if key resistance levels break and market sentiment remains positive, a significant price increase is likely. The recent surge in accumulation and open interest suggests this trend could continue, leading to a major move.
Source: cryptonewsland.com
