Stellar (XLM) Is Predicted To Rally, How Much Can Its Price Reach?

Bittime - Trading since Wednesday, December 18, has been an uncomfortable reminder of the persistent volatility—even inthe most robust  cryptocurrency bulls.

Although the significant drop that occurred until December 23 is difficult to overcome, many investors and analysts believe that the digital asset has not yet reached its peak in this cycle. 

Instead, they expect a new rally in the coming weeks and months.

Also read How to Buy Stellar (XLM)

Technical Analysis Shows Optimism for XLM

Technical analysis (TA) applied to Stellar (XLM) by renowned on-chain expert Ali Martinez shows medium to long-term optimism. 

According to Martinez, the token may be poised for a significant upswing. 

In X’s post on December 22, Martinez explained that a technical analysis tool called TD Sequential gave a buy signal for XLM, offering the opportunity for a rebound towards—and possibly beyond—its recent high of around Rp8,916 (around $0.55).

Also read Reasons to Invest in Stellar (XLM): Take a Look Before You Buy!

What is TD Sequential?

TD Sequential is a tool used to assess whether a current trend will continue or reverse based on the historical performance of an asset. 

However, Martinez stressed that there are conditions for such a rally—namely, XLM must hold above the critical support zone at IDR5,346 (around $0.33). 

Luckily for Stellar supporters, the token is currently trading above that level, with the XLM price today reaching IDR5,835 (around $0.35977).

Also read: Stellar (XLM) Enters List of Altcoins Worth Buying Before Christmas and 2025

XLM Challenge: Must Get Above $0.38 Resistance Level

Despite the buy signal from TD Sequential, it is important to note that many other technical analysis tools and indicators have yet to show a firm bullish signal for Stellar.

For example, the relative strength index (RSI), while on the bullish side, remains relatively neutral at 43.78. Several tools, such as the volume-weighted moving average (VWMA) and the Hull moving average, are still flashing 'sell' signals.

Ultimately, even though TD Sequential gave a 'buy' signal, the real test for XLM is yet to come as the token approaches the nearest resistance level around IDR6,155 (around $0.38). 

This outlook is becoming uncertain, especially after the last 24 hours of trading which saw prices drop by 2.07%.

FAQ

1. What influences the current price of Stellar (XLM)?

Stellar (XLM) price is influenced by a variety of factors, including technical analysis, market sentiment, and global economic conditions. Buy signals from analysis tools like TD Sequential can provide an indication of potential price increases, but external factors like industry news and movements in other cryptocurrencies can also affect the price.

2. What is the target price for Stellar (XLM) in the near future?

Based on technical analysis, the target price for Stellar (XLM) in the near term could reach around Rp8,916 (around $0.55) if the token manages to maintain a position above the critical support zone at Rp5,346 (around $0.33). However, it is important to remember that the cryptocurrency market is very volatile, and price predictions can change quickly.

3. What is the TD Sequential buy signal for Stellar (XLM)?

The TD Sequential buy signal is a technical analysis indicator used to assess whether a current price trend will continue or reverse. In the context of Stellar (XLM), this buy signal indicates that there is potential for a price rebound, but investors should remain vigilant for other indicators that may indicate a ‘sell’ signal or uncertainty in the market.

How to Buy Crypto on Bittime

Want to trade and buy Bitcoin and invest in crypto easily? Bittime is ready to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures that every transaction is safe and fast. 

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check BTC to IDR , ETH to IDR , SOL to IDR and other crypto assets rates to find out today's crypto market trends in real-time on Bittime.   

Also, visit  Bittime Blog for interesting updates and educational information about the crypto world. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the crypto world.

Reference

Andreja Stojanovic, Stellar (XLM) set for an imminent rally, Diakses 24 Desember 2024