Bullish XLM price prediction for 2024 is $0.1632 to $0.2440.
Stellar (XLM) price might reach $1 soon.
Bearish XLM price prediction for 2024 is $0.0704.
In this Stellar (XLM) price prediction for 2024, 2025-2030, we will analyze the price patterns of XLM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Stellar (XLM) Current Market Status
What is Stellar (XLM)?
Stellar (XLM) 24H Technicals
STELLAR (XLM) PRICE PREDICTION 2024
Stellar (XLM) Support and Resistance Levels
Stellar (XLM) Price Prediction 2024 — RVOL, MA & RSI
Stellar (XLM) Price Prediction 2024 — ADX, RVI
Comparison of XLM with BTC, ETH
STELLAR (XLM) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ
Stellar (XLM) Current Market Status
Current Price $0.09777 24 – Hour Price Change 0.75% Down 24 – Hour Trading Volume $76,113,630 Market Cap $2,872,514,325 Circulating Supply 29,378,932,159 XLM All – Time High $0.9381 (On Jan 04, 2018) All – Time Low $0.001227 (On Nov 19, 2014)
XLM Current Market Status (Source: CoinMarketCap) What is Stellar (XLM) TICKER XLM BLOCKCHAIN Stellar CATEGORY Stellar Consensus Protocol LAUNCHED ON 2014 UTILITIES Governance, Fast Transactions, gas fees & rewards
Stellar (XLM) is the native cryptocurrency of the Stellar network. The token is well-known as Stellar Lumens (XLM). Stellar is a peer-to-peer (P2P) decentralized payment network that was launched in 2014. Stellar Lumens (XLM) is used as the transaction fees on the network. It also serves as the intermediate payment currency across cross-bridge transactions.
The supply of XLM and the network’s development is supported by Stellar Development Foundation (SDF), Stellar’s native non-profit organization. Stellar network secures its blockchain with Stellar Consensus Protocol (SCP). SCP is a modified consensus mechanism that is based on the Federated Byzantine Agreement (FBA). Hence, nodes are selected based on voting and later verify and validate transactions onto the distributed ledger.
The Stellar network also holds its own decentralized exchange. Stellar network bridges the off-chain financial institutions to the on-chain payment ecosystem. Thus, its prime motto is to accelerate the mission of banking the unbanked.
Stellar 24H Technicals
(Source: TradingView) Stellar (XLM) Price Prediction 2024
Stellar (XLM) ranks 29th on CoinMarketCap in terms of its market capitalization. The overview of the Stellar price prediction for 2024 is explained below with a daily time frame.
XLM/USDT Horizontal Channel Pattern (Source: TradingView )
In the above chart, Stellar (XLM) laid out a horizontal channel pattern. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Stellar (XLM) was recorded at $0.09652. If the pattern trend continues, then the price of XLM might reach the resistance levels of $0.1137, $0.1667, and $0.2606. If the trend reverses, then the price of XLM may fall to the support of $0.0751.
Stellar (XLM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Stellar (XLM) in 2024.
XLM/USDT Resistance and Support Levels (Source: TradingView )
From the above chart, we can analyze and identify the following as resistance and support levels of Stellar (XLM) for 2024.
Resistance Level 1 $0.1632 Resistance Level 2 $0.2440 Support Level 1 $0.0982 Support Level 2 $0.0704
XLM Resistance & Support Levels Stellar (XLM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XLM) are shown in the chart below.
XLM/USDT RVOL, MA, RSI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the current Stellar (XLM) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.0962Price = $0.0986(50MA< Price) Bullish/ Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions Magnitude of price change; Analyzing oversold & overbought conditions Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume
Stellar (XLM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Stellar (XLM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
XLM/USDT ADX, RVI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the price momentum of Stellar (XLM).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 6.1275 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 43.35<50 = Low>50 = High Low volatility
Comparison of XLM with BTC, ETH
Let us now compare the price movements of Stellar (XLM) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs XLM Price Comparison (Source: TradingView )
From the above chart, we can interpret that the price action of XLM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XLM also increases or decreases respectively.
Stellar (XLM) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Stellar (XLM) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Stellar (XLM) Price Prediction 2025 $2 $0.8 Stellar (XLM) Price Prediction 2026 $3 $0.4 Stellar (XLM) Price Prediction 2027 $4 $0.1 Stellar (XLM) Price Prediction 2028 $5 $0.05 Stellar (XLM) Price Prediction 2029 $6 $0.03 Stellar (XLM) Price Prediction 2030 $7 $0.02
Conclusion
If Stellar (XLM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Stellar (XLM) price prediction for 2024 is $0.2440. Comparatively, if unfavorable sentiment is triggered, the bearish Stellar (XLM) price prediction for 2024 is $0.0704.
If the market momentum and investors’ sentiment positively elevate, then Stellar (XLM) might hit $1. Furthermore, with future upgrades and advancements in the Stellar ecosystem, XLM might surpass its current all-time high (ATH) of $0.9381 and mark its new ATH.
FAQ
1. What is Stellar (XLM)?
Stellar (XLM) is the native cryptocurrency of Stellar, a peer-to-peer (P2P) decentralized payment network that was launched in 2014.
2. Where can you purchase Stellar (XLM)?
Stellar (XLM) has been listed on many crypto exchanges which include Binance, WEEX, OKX, Deepcoin, and LBank.
3. Will Stellar (XLM) reach a new ATH soon?
With the ongoing developments and upgrades within the Stellar platform, Stellar (XLM) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Stellar (XLM)?
On January 04, 2018, Stellar (XLM) reached its new all-time high (ATH) of $0.9381.
5. Is Stellar (XLM) a good investment in 2024?
Stellar (XLM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Stellar in the past few months, XLM is considered a good investment in 2024.
6. Can Stellar (XLM) reach $1?
Stellar (XLM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Stellar (XLM) will hit $1 soon.
7. What will be the Stellar (XLM) price by 2025?
Stellar (XLM) price is expected to reach $2 by 2025.
8. What will be the Stellar (XLM) price by 2026?
Stellar (XLM) price is expected to reach $3 by 2026.
9. What will be the Stellar (XLM) price by 2027?
Stellar (XLM) price is expected to reach $4 by 2027.
10. What will be the Stellar (XLM) price by 2028?
Stellar (XLM) price is expected to reach $5 by 2028.
Top Crypto Predictions
Chainlink (LINK) Price Prediction
Router Protocol (ROUTE) Price Prediction
Hedera (HBAR) Price Prediction
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
