news 
**Stellar (XLM) Reversal Incoming? New Pattern Paints Bullish Outlook**
In a surprising turn of events, Stellar’s XLM price has made an impressive 8% uptick, sparking speculation about a potential reversal in the market. According to Arman Shirinyan, a cryptocurrency analyst, this sudden shift could be indicative of a major move in the near future.
Shirinyan suggests that XLM may continue to consolidate within its daily moving averages of $0.315 and $0.27, respectively. However, a more optimistic scenario has emerged, as a bullish flag pattern is emerging on the three-day chart. This development could potentially propel XLM to $1.60, should this pattern be validated.
It’s essential for investors to remain cautious, monitoring overall market trends and macroeconomic factors that may influence short-term price movements. As of now, it appears that Stellar’s XLM is poised for a significant move in the coming days.
Stay tuned for further updates on this developing story.
Source: https://u.today/stellar-xlm-price-makes-bullish-u-turn-with-8-uptick-details
