Stellar (XLM) Set for Potential Surge: Key Resistance Levels to Watch

According to crypto analyst Ali Martinez, XLM is currently navigating a tight range, with crucial price points between $0.29 and $0.295. Should it break past this resistance, there’s a potential for the price to surge by 17%, with targets eyeing the $0.32 region.

At the moment, the asset is testing important support near $0.274, which coincides with the 200-day moving average. If this level holds, it could prevent a deeper downturn, though a failure to maintain this support could result in further drops to lower levels like $0.26 or even $0.226.

Market watchers are focusing on the $0.29 to $0.305 range, as this area aligns with the 50-day moving average. A clean break above this zone would likely signal the start of an uptrend. However, if XLM struggles here, it might be an indication that the market needs more time to build momentum.

In the broader view, if XLM can sustain above the 200-day moving average, it might be setting the stage for a more significant breakout. If the momentum picks up, targets in the $0.375 to $0.514 range are plausible. Investors and traders will be closely observing how the price interacts with these key levels in the days to come.