Stellar Gears Up for Breakout — $0.50 Target in Sight as Wedge Tightens

Key Points

1. Stellar (XLM) is a decentralized, open-source blockchain known for fast, low-cost cross-border payments.

2. Market analyst CryptoAlphas predicts XLM could target $0.50, citing a 211.20% surge in 24-hour trading volume and bullish momentum indicators like RSI and MACD.

3. Key support levels are identified at $0.35–$0.36 and $0.31–$0.33, with resistance near $0.43, where a breakout could push XLM to $0.53–$0.58.

4. Analyst Tom Tucker notes XLM held strong above $0.33 after a 140% rally, with key support at $0.36 and potential to rally to $0.52 if momentum continues.

5. Stellar's short-term trajectory will determine whether it breaks out or pulls back, with a strong close above $0.43 on high volume being crucial for confirmation.