Stellar (XLM) Price Aims for a 30% Rise

The Stellar price broke out of the horizontal consolidation that it held for over a couple of months, which was followed by a rejection from the yearly highs. Since then the price has been trading within a falling wedge and the latest rebound initiated a breakout from the range, flashing bullish signals for the crypto. However, the XLM price may undergo a small pullback before initiating a fresh bullish move towards the ATH

As seen in the above chart, the volume has risen significantly after a massive squeeze, hence indicating a notable rise in the trader’s interest over the token. The bullish divergence in the on-balance volume or OBV, substantiates the bullish claim, raising the possibility of a continued ascending trend beyond $0.5. However, the price may face a minor pullback as the Supertrend remains bearish. Therefore, the Stellar (XLM) price is expected to slightly drop below $0.4 which may attract notable volume, triggering a rally beyond the 2024 highs, paving the way for a new ATH above $1. $XLM