Stellar (XLM) August outlook as bullish pennant forms
Main Idea
Stellar (XLM) shows a bullish technical outlook for August 2025, with a bullish pennant formation and potential breakout targets at $0.52 and $0.63, supported by Visa integration and positive market sentiment.
Key Points
1. Stellar (XLM) is trading at around $0.40, forming a bullish pennant pattern, signaling a potential breakout toward $0.52 and $0.63.
2. Visa's integration with Stellar’s blockchain provides strong fundamental support, aligning with the project’s goals of improving cross-border payments.
3. The long/short ratio for XLM recently hit 1.14, its highest in over a month, indicating dominant and confident long positions.
4. Technical indicators, including the Relative Strength Index (RSI) and the 50-day EMA at $0.35, support the bullish outlook.
5. A break below $0.35 could trigger a deeper correction, but current consolidation suggests upward momentum.
Description
Stellar (XLM) is entering the month of August on a strong technical footing, following weeks of momentum driven by both major adoption news and emerging bullish indicators. As the token trades at around $0.40, analysts and traders are closely watching a textbook bullish pennant formation, a pattern often associated with price continuation after a rally. And with market sentiment gradually turning positive, XLM could be on the verge of a significant breakout. Bullish pennant signals a possible ra...
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