The XLM price is among top crypto gainers after pumping 7%. This means Stellar’s token is now trading just slightly below $0.26.

Analyst Javon Marks took the time today to update his XLM price outlook.

Marks’ chart shows XLM was in a clear downtrend from 2021 to 2023. The price kept making lower highs during this time. A strong downtrend line connected these peaks all the way to late 2022. This bearish phase ended when XLM formed a higher low – the first hint that things were changing.

Around the end of 2023, the XLM price broke above the downtrend resistance line. This breakout confirmed the shift from bearish to bullish. After this, XLM started forming higher lows, creating a slow but steady upward structure.

The biggest move came in late 2024 to early 2025. XLM shot up from its consolidation phase with a massive 564% surge. This pushed the price to around $0.41-$0.45. This big move lined up with Marks’ first major target of $0.681.

Right now, XLM is in a controlled pullback. It’s moving in a descending channel that looks like a bull flag pattern. This is normal healthy consolidation after a big rise. It doesn’t mean the uptrend is over – it might just be taking a breather.

The Stellar chart shows important support at $0.18-$0.20. This is where the XLM price is finding its footing during the current pullback. For resistance, Marks points to two key targets. The first is at $0.681, which would mean a 161% gain from current prices. The second, more ambitious target sits at $1.29 which means a potential 396% increase.

These targets come from measured moves and momentum analysis. Marks sees the current pullback as a chance for buyers to reload before the next push up.

For XLM to reach these targets, it needs to break above the descending channel first. If this happens with good trading volume, the path to $0.681 opens up. With continued momentum, the $1.29 target could eventually come into play.

The fact that XLM no longer makes lower highs confirms the trend reversal from the 2021-2022 bear market. This gives technical backing to Marks’ bullish outlook on Stellar’s future price.

Read also: XRP Just Got Called a ‘Disguised Meme Coin’ – Here’s What That Really Means

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post This Trader Makes a Shocking Stellar (XLM) Price Prediction – Here’s What the Chart Says appeared first on CaptainAltcoin.

156 +