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STELLAR PRICE ANALYSIS & PREDICTION (January 4) – XLM Sustains Buy as Volatility Increases, Potential Breakup Ahead
By Null Transaction PR on January 5, 2025
Market Analysis
As the year begins, Stellar (XLM) has been making significant strides, joining other altcoins in their recovery. This upward momentum is expected to continue, with XLM sustaining its buy signal as market volatility increases.
After finishing a month’s correction at $0.32 earlier this week, XLM found support above that level and began to bounce back. Although initial buying pressure was low, the altcoin market soon saw strong daily recovery as it started the new year on a bullish note. A notable 10% increase since yesterday has further solidified XLM’s position.
From a technical perspective, the return of bulls in the market suggests that we can anticipate a more substantial price movement in the coming days. However, the $0.50 level may pose a minor challenge for the asset as it moves upward. A successful breakthrough above this resistance should signal a larger upward shift and validate further growth on the daily scale.
Currently, there is no room for a drop in XLM’s price action. If bears were to reappear, we might see a brief reduction before returning to its previous uptrend. Nevertheless, as things stand, it appears that bulls have gained the upper hand, indicating bigger gains in the near future.
Key Resistance Levels:
$0.51
$0.63
$0.7
Key Support Levels:
$0.414
$0.32
$0.27
Spot Price: $0.449
Source: nulltx.com
