Stellar ($XLM) Price Analysis

Stellar ($XLM) is currently facing significant downward pressure, operating within a gradually descending channel. However, well-known crypto analyst Ali predicts a notable support level for Stellar within the $0.23-$0.20 range.

Despite the continuous downtrend of the asset, this support level may trigger a price rebound.

> “#Stellar $XLM could find support between $0.23 and $0.20!”
> — Ali (@ali_charts) March 1, 2025

Ali suggests that Stellar is hovering around a robust support level, indicating potential for a breakout above key resistance levels.

Significant Support for Stellar ($XLM)

The predicted resilient support of Stellar was identified within the range of $0.23 to $0.20. Trading data shows that $XLM is making substantial efforts to rise above critical resistance points.

Currently, the crypto token is priced at $0.3040, reflecting a notable 14.30% increase over the past 24 hours. However, over the week, $XLM has dropped by 9%, and the monthly decline is at 25.20%.

Breakout Potential of $XLM

On a positive note, Stellar’s market capitalization and 24-hour volume display significant growth. Market capitalization stands at $9.24B, marking a 13.30% increase, while the 24-hour trading volume is at $284.91M, up by 3.52%.

In line with Ali’s forecast, $XLM is approaching a strong support level that could propel it to a breakthrough.