So, the Stellar (XLM) market decided to take a little nap last week, and now it’s woken up with a 10.77% caffeine boost, according to the number crunchers at CoinMarketCap. After a week where crypto was about as popular as a cold sore, it looks like XLM might be ready to party. Market whisperer Ali Martinez has dropped some knowledge bombs, suggesting XLM could be lining up for a serious moonshot. 🌕
XLM’s About to Fly? Analyst Says ‘Watch This Space’
In a March 1st tweet that’s probably more exciting than your last family dinner, Martinez showed off his chart skills and spotted a bullish flag formation on the XLM/USDT 3-day chart. Translation: XLM might be about to go shopping for a new price tag.
For those playing at home, a bullish flag is like when your friend says they’re “just going to have one drink” and then ends up doing the worm on the dance floor. XLM had a November rally (the “drink”), followed by a price correction (the “hangover”), and now it’s looking at the dance floor again.
But before you go selling your kidney for XLM, it’s gotta break through the $0.41 barrier to make this party happen. And even then, it’s got to dodge the bouncers at $1.00, $1.21, and $1.41. If it can do that, we might be looking at a 330% surge, which is like finding a $20 bill in your old jeans. 🙌
Oh, and the Relative Strength Index (RSI) is also playing nice, currently at 4.59 and pointing upwards, which is more encouraging than that one friend who always says your new haircut looks “fine.”
XLM’s Price: The Skinny
As of press time, XLM is trading at $0.3141, up 10% in the last 24 hours. But hold your horses, because market engagement is a bit like your grandpa at a rave – slightly underwhelmed. Daily trading volume is down 1.12%, which is like getting a “maybe” to a party invite.
Let’s not sugarcoat it; XLM’s still in the doghouse on its weekly and monthly charts, down 5.94% and 27.28% respectively. But hey, if traders can get their act together and show some love, we might just see XLM break out of its shell and into the spotlight. 🌟
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2025-03-02 09:59