Is Stellar About to Skyrocket? 🚀 You Won’t Believe This Analyst’s Take!

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In the world of cryptocurrency, “software engineer” has essentially come to mean “someone who can predict the future using indecipherable graphs.” This week, Stellar (XLM) is getting its moment in the sun—or at least, according to semi-pro fortune teller Ali Martinez. After a brief flirtation with the $0.28 mark this weekend (hello, money moves 💃), Stellar appears to be shaking off its midlife crisis and aiming for higher ground.

Could XLM Go Up 40%? Maybe—But Only If It Stops Channeling Its Inner Drama Queen

Ali Martinez, who is clearly bucking for the role of Crypto Whisperer, dropped this hot take on X: Stellar might be done crying in its descending channel wine glass and ready to make a move toward $0.38. Let me break it down for those of us whose technical analysis skills begin and end at reading horoscopes: the altcoin has been stuck in a descending channel pattern. Imagine that channel as two squabbling trendlines and Stellar as the teenager trying to escape. If it breaks out of its emo stage, it might finally turn bullish! 🎉

Martinez claims that XLM has bounced off the support floor of $0.23, showed its best “I’m trying” effort by reaching $0.28, and now has aspirations to hit $0.30 at the midline. But wait, there’s more! This is apparently just a stepping stone toward $0.38, representing a drama-free, happy ending with a potential 40% gain. Will it happen? We don’t know, but the suspense is like watching a reality dating show between trends. 😏

Fun fact: While descending channels usually scream, “SELL EVERYTHING,” a breakout from this pattern is essentially it flipping the script and yelling, “I’m back, baby!” Martinez seems convinced that’s what the Stellar token is warming up to. Can someone make sure he’s not looking at the chart upside down? Asking for a friend…

As if we needed more evidence of XLM’s bipolar tendencies, it fell to the $0.23 level in early March (we’ve all been there, buddy) but seems to be inching its way back up. Pro tip: This isn’t just your average bounce off a support level; instead, Stellar appears to be auditioning for “crypto comeback of the year.” Fingers crossed. 🤞

Why Not Bring More Numbers Into This Party?

By the way, Stellar is currently sitting at $0.27, which might not seem like much, but hey, that’s a 0.83% gain in the past 24 hours. Small wins, people! However, the coin has been hitting the snooze button over the past week, down 0.76%, and took an extra month-long nap with a steep decline of 17.25%. So basically, Stellar has been the cryptocurrency equivalent of a couch potato—but at least it’s showing signs of getting off the couch. 🍿

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2025-03-16 19:17