Date: Tue, Dec 17, 2024, 09:19 AM GMT
The cryptocurrency market is on fire following a series of bullish rallies, largely fueled by Donald Trump's victory in the U.S. elections last month. Bitcoin (BTC) has smashed its previous records, hitting an all-time high of $107,000. Riding this wave, Stellar (XLM) has emerged as a top performer among altcoins, skyrocketing by over 375% in just the last 60 days.
Today, Stellar (XLM) is back in the spotlight with a sharp 6% surge in the last hour, following a significant technical breakout. $XLM is now trading at $0.4561, signaling the potential for another rally.

Source: Coinmarketcap
Key Breakout Driving XLM's Momentum
The latest surge comes as XLM broke out of a descending triangle pattern that had kept its price in check since November 24. After an impressive rally earlier, XLM entered a period of correction and tested the lower descending support at $0.37. This acted as a strong reversal point, propelling the token upward.

Just minutes ago, XLM shattered its upper descending trendline and horizontal resistance level at $0.4531, confirming a breakout. It is currently trading above these levels at $0.4560, suggesting strong bullish momentum.
What's Next for XLM?
If the breakout holds and the price successfully retests the newly breached levels, XLM could aim for its next resistance targets at $0.51 and $0.64. Achieving these milestones would mean potential gains of up to 40% from its current price.
The combination of strong technical indicators and market-wide bullish sentiment sets the stage for a promising rally for Stellar. However, traders should watch closely for a successful retest of the breakout zone to confirm sustained momentum.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Stellar #NFA

Stellar ($XLM ) is focused on improving cross-border payments by making them faster, cheaper, and more efficient. The Stellar network facilitates transactions between any currencies, making it an excellent tool for remittances and financial institutions.
Why $XLM matters:
Low Transaction Fees: Transaction costs are negligible, making it ideal for micropayments.Global Adoption: Partners with big players like IBM to support financial inclusion.Scalability: Stellar processes thousands of transactions per second.
$XLM is leading the way in revolutionizing the way money moves globally.
#Stellar #XLM.24小时交易策略 #cryptopayments

Notable market watcher EGRAG predicts #Stellar (XLM) could soar 420% to $2, citing a key technical pattern.

Read more on: https://thecryptobasic.com/2024/12/13/can-xlm-soar-420-to-2-heres-why-this-analyst-thinks-so/
#CryptoNewsUSA

Stellar price has erased some of the gains made last month. This decline has mirrored that of Ripple, which has also moved into a short-term retracement as traders take profits. So, can the XLM price jump to $1 before XRP jumps to an all-time high?

Stellar Price Analysis: Technicals Point To a Strong Rebound
The XLM price has dropped by about 32% from its highest level this year, mirroring that of most altcoins. Still, there are rising odds that the coin will bounce back in the next few days.
The daily chart shows that the Stellar price has found support at the 50% Fibonacci Retracement level. It has also remained above the 50-day moving average, a sign that bulls are still in control.
Stellar has formed a hammer candlestick pattern, which is characterized by a small body and a long lower shadow. In most periods, this is one of the most bullish candlestick patterns in the market.
There are also signs that the recent Stellar price retreat is part of the formation of the correction wave of Elliot Wave. This pattern usually ends with a strong bullish breakout, which will likely happen.
So, will the XLM price jump to $1? Odds are that the coin will ultimately jump to $1 in this bullish cycle. For this to happen, Stellar price needs to first rebound and move to the year-to-date high of $0.6385. A move above that point will send a signal that there are still more buyers available in the market, keen to push it to $1.
A move to $1 implies a 130% increase from the current level. This is achievable since the coin rallied by almost 500% in November.
Stellar Price Chart
A drop below the support at $0.3642, the 50% retracement point, will invalidate the bullish view. It will be a confirmation that the coin has moved to the markdown phase of the Wyckoff Method.

XRP Rally to Fuel XLM Pmedia.
A likely catalyst for the XLM price will be the performance of Ripple price. Historically, these two cryptocurrencies have a close correlation because they are both in the cross-border payments industry. Jed McCaleb, Stellar’s founder, is one of Ripple’s co-founders.
Analysts believe that the Ripple price, which crossed the key resistance at $1 recently, could jump to as high as 5 in this cycle and $18 in the long term. A key catalyst for this rally will be the upcoming RLUSD launch.
If these forecasts are accurate, then there are chances that Ripple will jump, and then XLM will do much better. For example, XLM price outperformed Ripple during their recent bull run.

Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Coin market cap and online media.

#BURNGMT #Stellar #XLM #Write2Earn! #

Cryptocurrencies never cease to amaze investors with their dynamic price movements, and last week was particularly notable for two digital assets: Bonk (BONK) and Stellar (XLM). Both cryptocurrencies showed notable price increases, attracting the attention of both investors and market analysts.
Bonk Phenomenon
The Solana ecosystem's first memecoin, Bonk, has been making waves with an impressive surge exceeding 100% in just seven days. This remarkable performance stems from several significant developments in the project's ecosystem. A game-changing partnership announcement with Zebec Protocol has positioned Bonk to enhance its practical applications, particularly in the realm of on-chain payments and token distribution mechanisms.
Adding to the momentum, the Solana Breakpoint conference in Amsterdam has created a buzz around potential new use cases for Bonk. The conference has become a catalyst for increased investor interest, as market participants eagerly await announcements about future developments. Furthermore, Bonk's recent debut on Bithumb, a major South Korean cryptocurrency exchange, has opened doors to new market opportunities, particularly in the Asian trading sector.
Stellar's Steady Rise
Meanwhile, Stellar’s XLM token wrote its own success story, rising 43.44% in eight days and 84% in seven days. The token’s impressive performance began with it successfully breaking through long-standing resistance levels. This market movement marked a significant trading pattern change that turned the once sideways market into a decisive uptrend.
The broader cryptocurrency market's positive sentiment has played a crucial role in XLM's upward trajectory. Technical indicators, particularly the Relative Strength Index, have reinforced the bullish narrative surrounding the token. Stellar's continued focus on forging meaningful partnerships with financial institutions has also contributed to growing investor confidence in the project's long-term viability.
Market Implications
These price movements highlight the cryptocurrency market's capacity for rapid value appreciation when fundamental developments align with positive market sentiment. However, investors should approach these opportunities with careful consideration of risk factors and market volatility. While both Bonk and XLM have demonstrated strong performance, the cryptocurrency market remains subject to swift changes in direction.
The success of both tokens underscores the importance of project development, strategic partnerships, and market accessibility in driving cryptocurrency valuations. As the digital asset space continues to evolve, projects that can maintain momentum through meaningful developments and expanded utility are likely to capture sustained investor interest.
Traders and investors would do well to monitor how these recent gains translate into longer-term trends, particularly as both projects continue to develop their ecosystems and expand their market presence. The coming weeks will be crucial in determining whether these price movements represent a temporary surge or the beginning of a more sustained upward trend.

#BONK #XLM #Stellar #solana #memecoin

The advent of blockchain technology has often been associated with financial speculation and cryptocurrency trading. However, Stellar’s recent video release, “Crypto Saves Lives,” shows the real-world utility of blockchain technology, particularly in regions underserved by traditional financial systems.
The video highlights the transformative impact Stellar blockchain has had in San Francisco, Colombia, through its collaboration with Decaf, a partnership that is reshaping the financial landscape of this small town where conventional banking infrastructure is largely non-existent.
The video follows Zac Borrowdale, an Australian entrepreneur who faced significant challenges in paying his employees due to the absence of banking facilities in San Francisco. Without a local banking system, Zac was forced to make dangerous journeys to Medellín, a nearby city, to withdraw cash.
These dangerous trips became an essential, albeit hazardous, part of his business operations. The lack of financial infrastructure not only jeopardized Zac’s safety but also hindered the economic potential of the community. Eventually, Zac was shot and robbed, presumed dead for multiple days until he woke up and recovered.
Stellar’s Real-World Utility
Stellar blockchain, in partnership with Decaf, emerged as the solution to this critical issue. By integrating Stellar’s technology, Zac can now pay his employees in USD Coin (USDC), a stable cryptocurrency pegged to the US dollar.
This process has been streamlined, allowing employees to convert their USDC into Colombian Pesos through MoneyGram, Stellar’s partner, without leaving their village.
The ability to transact securely and efficiently within the local community has safeguarded Zac from life-threatening trips and spurred economic growth in San Francisco.
Stellar’s intervention has been pivotal in ensuring that the residents of San Francisco have access to reliable financial services. Stellar’s approach to providing real-world utility goes beyond mere transactions. This approach represents a commitment to addressing the financial needs of communities overlooked by traditional banking systems.
Following the release of the video, Stellar posted on X, “You see how Stellar truly cares about utility? very demure, very mindful.” This message encapsulates Stellar’s focus on practical, effective solutions rather than hype.
2024 has been a remarkable year for Stellar. The Stellar Development Foundation predicted in July that Stellar would power the next era of Decentralized Finance (DeFi). The adoption in San Francisco is one step toward achieving this goal, and the digital asset could experience massive growth as the adoption of its technology increases.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Stellar #XLM