About to explode! Stellar breaks through key resistance, and a sharp rise in the first quarter is expected!

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Stellar (XLM) has seen an explosive rise after breaking through key resistance levels. On January 1, the token rose 6.73% and broke through the price of $0.453361, indicating that the first quarter of 2025 may usher in a bullish trend. This rise occurred after Stellar consolidated near the 0.618 Fibonacci retracement level for several weeks, successfully breaking through the long-accumulated resistance, sparking strong interest in the market.

Technical indicators also strongly support this upward trend. The MACD indicator has a bullish crossover, indicating a shift in market sentiment, while the increase in trading volume further confirms the dominance of buyers. The upward momentum of the histogram strengthens the market's bullish case.

The next key resistance levels are $0.623 and $1, and a breakout of these levels could push XLM to a new high. In addition, the price successfully recovered the 0.702 Fibonacci retracement level, further consolidating the upward momentum. The current immediate support level is at $0.237792, and a break below this level may affect the current bullish outlook.

Market sentiment is also positively driving XLM's potential. Crypto analyst Charting Guy noted that the breakout has just begun, and his analysis shows that market conditions are favorable for XLM. He also mentioned that in addition to XLM, the altcoin market is generally optimistic, and major cryptocurrencies are expected to experience significant volatility.

With XLM breaking through key resistance levels and showing a strong upward trend, traders are beginning to focus on whether it will trigger greater volatility and trends in the entire cryptocurrency market. If the technical signals remain positive, XLM may continue to rise and become one of the crypto assets that stand out in the first quarter of 2025.

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