Stellar

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xlm-price-analysis-xlm-above-0-12-triggers-breakout-rally/">XLM Price Analysis: XLM Above $0.12 Triggers Breakout Rally!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
With the recent recovery trend in XLM price concluding the pullback phase, the buyers are gaining confidence. Boosting the trend momentum, the rising Stellar price showcases a trendline breakout surpassing the crucial EMAs to avoid a death cross.&nbsp;
Moreover, with a sharp jump above the $0.125 mark and absorbing the overhead supply, the <a href="https://coinpedia.org/information/stellar-price-prediction/" rel="noopener noreferrer nofollow">Stellar price prediction</a> teases a new high speed bull run.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-1024x483.png" alt="" class="wp-image-242035" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-1536x724.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-2048x965.png 2048w, https://image.coinpedia.org/wp-content/uploads/2023/11/04112005/XLMUSD_2023-11-04_10-36-47-150x71.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
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With a 72% year-to-date growth in 2023, the XLM price is among the top-performing altcoins and continues to gain momentum. Further, the recent trendline breakout highlights an end to the pullback phase and teases a new bull run.&nbsp;
Supporting a new bull run theory, the XLM price action displays an inverted head and shoulder pattern breakout with a neckline at $0.125. Being a crucial supply zone, buyers reclaiming the $0.125 zone marks a trend reversal for Stellar.&nbsp;
Further, the Stellar price action displays a retest of the $0.125 breakout and regains momentum with a 2.31% jump last night. Currently, the altcoin trades hand at $0.122 with a minimal intraday move and shows higher price rejection.&nbsp;
Technical pointers:
MACD indicator: Despite a short pause in bullish histograms, the MACD and signal lines are on a positive track. Therefore, the momentum indicator remains optimistic about the upcoming XLM price trend.&nbsp;
EMA: The crucial 50-day and 200-day EMA find bullish influence with the recent recovery to avoid a death cross. Moreover, the rising 50-day EMA may soon act as a dynamic support to prolong the uptrend.
<h2 class="wp-block-heading" id="h-what-s-next-for-stellar-xlm-price">What’s Next For Stellar (XLM) Price?</h2>
Despite being at a 36% discount from its 2023 swing high, the reversal trend in XLM price teases a new bull run. Further, the recent inverted head and shoulder breakout rally with the altcoin rising above $0.125 marks a bullish entry signal.&nbsp;
If the Stellar price sustains momentum, the upside rally can reach $0.1426, accounting for a 15% jump. On the flip side, a downtrend in market value to $0.1092 is possible.&nbsp;

XLM Price Analysis: XLM Above $0.12 Triggers Breakout Rally!

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