🚨 Will Stellar $XLM Break Out Toward $1.29? 🚀
All eyes are on $XLM as it flirts with a key resistance at $0.40 📈
📊 Momentum is building as Stellar shows signs of a major breakout. After bouncing off the $0.26 support, $XLM is consolidating and may be gearing up for a powerful rally 💥. Some analysts even point to a rounding bottom formation — a classic bullish pattern!
🔥 If $XLM breaks $0.40, next targets are:
➡️ $0.50
➡️ $0.68
➡️ And eventually... $1.29 — based on historical resistance + Fibonacci levels 📐
💼 Institutional boost:
In late 2024, Franklin Templeton announced it will use Stellar’s network to manage $1.7T in assets 💫 — citing lower costs and higher speed (50,000 txns = <$150 on Stellar vs. $50K+ traditionally!) 💸
🗓 May 7 = KEY DATE
The Stellar Development Foundation (SDF) will host its Q1 2025 Review, featuring CEO Denelle Dixon and top leadership 🧠.
👉 If the event delivers strong updates, the $XLM price may explode past resistance 📡📈
📉 Downside? If $XLM breaks below $0.26, bearish pressure may return
But with technical patterns, institutional adoption, and upcoming catalysts aligning... 📚
The stage may be set for Stellar ($XLM) to shine brighter than ever.