Rally

BULL

Stellar

<p>The Stellar price took a hit of 7% today amid current market volatility and is now trading around $0.43. Considering that XLM typically mirrors XRP’s path and XRP is down 6% today, this plunge is not surprising.</p>
<p>Popular crypto analyst BLOCK BULL recently shared an intriguing Stellar chart with his 11,000 followers on X, generating significant attention in the crypto community.</p>
<h2 class="wp-block-heading" id="xlm-price-analysis">XLM Price Analysis</h2>
<p>The chart reveals a clear symmetrical triangle pattern, with the price currently hovering around $0.43. This formation shows converging trendlines, with the upper resistance line connecting a series of lower highs, while the lower support line links the higher lows. The pattern suggests XLM is in a period of consolidation, with key resistance near $0.45 and support holding around $0.42.</p>
<p>What makes this setup particularly interesting is the timing. The triangle’s apex converges right around January 29, 2025, coinciding with the upcoming Federal Reserve meeting. This timing could prove significant, as Fed decisions often trigger substantial moves in the crypto market.</p> /html 
<blockquote class="twitter-tweet">
 <p><a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XLM</a> looks fucking MEGA on the daily.<br><br>Apex 29th Jan = FED Meeting <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" style="height: 1em; max-height: 1em;"> <a href="https://t.co/GlqehK1QR5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GlqehK1QR5</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" style="height: 1em; max-height: 1em;">BLOCK BULL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" style="height: 1em; max-height: 1em;"> (@TheBlockBull) <a href="https://twitter.com/TheBlockBull/status/1881621340597465228?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 21, 2025</a>
</blockquote>
<p>The chart also highlights a notable resistance level at $0.63345, which could serve as a potential target if a bullish breakout occurs. However, traders should note that the pattern itself doesn’t guarantee direction – while BLOCK BULL appears confident in an upward move, the price could break in either direction.</p>
<p>The consolidation within this triangle pattern indicates reduced volatility, but this calm period often precedes a significant price movement. Should XLM break above the $0.45 resistance, it could target higher levels around $0.50 and then $0.80 – $1. Conversely, a drop below $0.42 might lead to further downside, with potential support levels at $0.35.</p>
<p>Looking at historical patterns, <a href="https://captainaltcoin.com/is-stellar-the-next-xrp-xlm-price-prediction-and-10x-rally-potential/" target="_blank" rel="noopener noreferrer nofollow">XLM’s correlation with XRP movements</a> adds another layer to this technical setup. The last time Stellar formed a similar triangle pattern following XRP’s price action was during the 2021 and 2024 bull runs, though past performance doesn’t guarantee future results. If <a href="https://captainaltcoin.com/ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> manages to recover from its current 6% decline and breaks upward from its own consolidation pattern, it could provide additional momentum for XLM’s potential breakout, given their historically linked price movements.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/whales-invest-165-million-in-xrp-and-these-2-undervalued-altcoins/" target="_blank" rel="noopener noreferrer nofollow">Whales Invest $165 Million In XRP and These 2 Undervalued Altcoins</a></strong></em></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/stellar-chart-looks-mega-bullish-says-expert-xlm-price-rally-incoming/" rel="noopener noreferrer nofollow">Stellar Chart Looks ‘Mega Bullish’ Says Expert – XLM Price Rally Incoming?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stellar Chart Looks ‘Mega Bullish’ Says Expert – XLM Price Rally Incoming?

Table of Contents

CaptainAltcoin

Other articles published on Jan 21, 2025

Join our free newsletter for daily crypto updates!