- XLM is testing the $0.38 resistance level, aiming for a breakout to $0.50.
- A descending triangle pattern on the 4-hour chart signals a possible rally for XLM.
- Stellar partners with MoneyGram to boost global cash-to-crypto adoption.
On September 29, 2025, renowned crypto analyst Ali Martinez provided an update on Stellar ($XLM). According to his analysis, XLM has been testing the $0.38 resistance level in recent trading sessions.
A successful breakout above this critical level could signal the start of a bullish trend, potentially pushing the price toward the $0.50 mark. Martinez’s insights suggest that traders should watch for confirmation above $0.38 for a stronger upward momentum.
Martinez also pointed out that the 4-hour chart shows the formation of a descending triangle pattern. This technical pattern often signals a breakout in the direction of the trend. If the breakout occurs to the upside, XLM could see an increase in price, with further gains in the short term. The price could aim for key Fibonacci retracement levels, specifically the 0.236 or 0.382 levels.
XLM and the Fibonacci Levels
According to Martinez, XLM’s current price action appears to be setting up for a possible continuation. The price is likely to aim for Fibonacci retracement levels, particularly the 0.236 or 0.382 levels. These levels are important for technical traders, as they represent possible support or resistance points during price corrections or rallies.
At the time of reporting, the current price of XLM is $0.3753, showing a slight decline of 2.39% in the last 24 hours. However, the formation of the descending triangle pattern suggests that the cryptocurrency may soon experience a price rally if the breakout above the $0.38 resistance level holds. Traders are advised to monitor the price closely for potential confirmation of a bullish move.
Stellar Partners with MoneyGram for Crypto Adoption
Stellar has also made significant strides in real-world adoption with a new partnership. The cryptocurrency project has partnered with MoneyGram, a global money transfer company, to facilitate seamless cash-to-crypto and crypto-to-cash transactions at hundreds of thousands of locations worldwide.
This partnership is a crucial step toward increasing the accessibility of cryptocurrencies, particularly in everyday financial transactions. During the Real-World Adoption Day at token2049, Cemarcann emphasized the importance of this integration.
Stellar’s partnership with MoneyGram aims to drive further adoption of digital assets by making crypto transactions easier for people globally. The collaboration will allow individuals to exchange crypto for cash and vice versa, expanding the use cases for Stellar’s network.
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.
