Bittime - $XLM price prediction ahead of December 25: technical analysis, bullish opportunities, and challenges ahead. Find the best investment strategy!
Stellar Lumens (XLM) Price Analysis
Stellar Lumens (XLM) is showing signs of recovery after experiencing a 3% surge in the last 24 hours. However, XLM's weekly performance still shows a decline of 18%. Currently, XLM is at a critical point that could determine the direction of its future movement.
Stellar Lumens (XLM) Price Technical Analysis
Analyst Ali Martinez revealed that XLM has the potential to experience a significant price surge if it manages to maintain the support level at IDR 5,346 ($ 0.33).
Source: TradingView/@AliMartinez
Using the TD Sequential indicator, Martinez shows that there is currently a buy signal for the asset. XLM has been consolidating in the price range of Rp5,508 ($0.34) to Rp6,318 ($0.39). If it manages to break through this level, XLM could reach a price of Rp7,314 ($0.45), which represents a 25% increase.
However, if XLM fails to maintain momentum above Rp5,346 ($0.33), there is a possibility that the price could drop to Rp3,570 ($0.22), which would represent a 33% drop. In addition, the daily chart shows that the XLM price is currently far from the 200 exponential moving average (EMA), indicating a potential uptrend.
Also read: XLM and XRP Wallet Recommendations: Security and Convenience are the Main Thing
Stellar (XLM) Buying Activity and Market Sentiment
XLM inflow/outflow data shows that around Rp97,800,000 ($6.5 million) of XLM has been withdrawn from exchanges to be held privately. This indicates significant buying pressure among long-term holders and traders.
The long/short ratio on the XLMUSDT pair on Binance also shows that 65.4% of top traders hold long positions, while 34.6% hold short positions.
With all these factors, analysts predict that bulls could take over the market and push the price towards the initial target of IDR16,200 ($1) by early 2025, with hopes of reaching the IDR32,400 ($2) level for the first time.
Also read How to Buy Stellar (XLM)
Factors Driving Stellar (XLM) Price Increase
Analysis shows that there are several factors that could drive the XLM price up.
First, increased technology adoption is a key driver during periods of neutral sentiment. Limited supply can also drive prices higher as demand continues to rise.
Additionally, historical trends suggest a possible bull run in 2025.
From a speculative perspective, the bullish market trend for XLM is also an important factor.
Predictions from EGRAG CRYPTO state that XLM could reach a price between Rp32,400 ($2) and Rp48,600 ($3).
Trading leverage and general market dynamics are also reported as the next bullish drivers for XLM.
Challenges Facing XLM
Despite the bullish signals, XLM also faces challenges. In the past 30 days, the cryptocurrency has fallen by 29%, coming back from its highest level since 2021.
The formation of a death cross on December 20 indicates increasing bearish momentum.
The Directional Movement Index (DMI) shows a strengthening bearish trend, with ADX above 25, indicating that the downward movement may continue in the near term.
However, even though the DMI is showing bearish conditions, the Chaikin Money Flow (CMF) shows significant institutional accumulation.
The CMF spike from 0.03 to 0.19 in the last 24 hours indicates increasing buying pressure, which could signal a potential trend reversal.
Key Levels to Watch in Stellar (XLM) Price
- Support : Rp5,028 ($0.31), with a risk of falling to Rp4,050 ($0.25) if this level is violated.
- Resistance : Rp6,480 ($0.40), with a further target at Rp7,644 ($0.47) if the buying momentum continues.
Conclusion
Stellar Lumens (XLM) price is at a critical juncture, with bearish signals dominating the technical landscape. However, significant institutional accumulation provides hope for a potential bullish reversal.
For a sustainable recovery, XLM must hold above the key support level and overcome the resistance at Rp6,480 ($0.40). Investors are advised to monitor this level and the interaction between the strength of the bearish trend and the bullish accumulation signals in the coming days.
FAQ
1. What will affect the XLM price ahead of December 25th?
XLM price is influenced by technical factors, buying activity, and market sentiment. Buy signals and institutional accumulation also contribute to price movements.
2. What are the key support and resistance levels for XLM right now?
The key support level for XLM is IDR5,028 ($0.31), while the resistance level is at IDR6,480 ($0.40). Monitoring these levels is important to determine the direction of price movement.
3. Does XLM have the potential to rise in 2025?
Yes, analysts predict that XLM could reach a price between Rp32,400 ($2) to Rp48,600 ($3) by 2025, depending on technology adoption and market dynamics.
4. How to invest in XLM safely?
To invest in XLM safely, do market research, use a trusted trading platform, such as Bittime for example, and consider diversifying your portfolio.
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Reference
Crypto Catalysts, Stellar (XLM) Price Analysis: Bearish Pressure Meets Signs of Institutional Accumulation, Diakses 25 Desember 2024
John Kumi, Stellar (XLM) Buy Signal Emerges: Potential 25% Rally Ahead, Diakses 25 Desember 2024
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