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XLM Bullish Flag Points to $0.80 Target in August Rally
- XLM consolidates within a bullish flag after July’s sharp rally.
- Forecasts suggest $0.66–$3.43 price range by 2031.
- Holding above $0.3786 is crucial to maintain bullish momentum.
Stellar (XLM) is showing signs of renewed bullish strength heading into August 2025. Analyst Ali Martinez shared in a 4-hour chart that XLM is consolidating within a bullish flag pattern. The asset retraced to the 78.6% Fibonacci level while maintaining structural integrity.
At press time, XLM trades at approximately $0.425227. If it breaks above the upper resistance trendline, the price could target $0.80.
This projection aligns with the 1.618 Fibonacci extension, often associated with bullish continuation targets. The current setup implies that buyers are positioning for a potential breakout early next month.
Price Action and Technical Indicators Remain Supportive
As of July 3, XLM is trading at $0.4126 after a 2.02% decline in 24 hours. The decline followed a previous rally from $0.0611.
The current pullback landed just above the 0.382 Fibonacci level at $0.4121. XLM faces strong resistance at $0.5150, a level that has acted as a historical barrier.
Technical indicators still suggest strength. The 20-day moving average stands at $0.4417, positioned above the 50-day moving average at $0.3266. This configuration signals an active bullish trend despite the recent rejection.
RSI currently reads 54.28, down from a recent high of 66.67, showing a cooling of momentum. Analysts note that holding support above $0.3786 (the 0.5 Fibonacci level) is critical to maintain upward momentum.
Long-Term Forecasts Turn Upbeat
Scopuly, a Stellar-based wallet platform, projects XLM could average $0.66 in 2025. Forecasts extend to a high of $0.79 that year and a potential $1.23 in 2026. By 2030, projections place XLM at $2.99, with a peak of $3.43 by 2031.
The predictions cite several supporting factors, including a reduced supply of around 30.6 billion XLM.
Additionally, real-world integrations and future upgrades such as Soroban smart contracts are expected to enhance XLM’s utility. Even long-time skeptic Peter Brandt has now acknowledged XLM as a contender, referring to it as a potential “rock star” in the current market cycle.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.