The Stellar (XLM) price has exceeded long and short-term diagonal resistance levels, a positive sign for the future price. What can be expected for the price of XLM moving forward?

There are numerous bullish signs for XLM in various timeframes, indicating that the trend is bullish, and a significant price increase could follow soon.

Stellar Price Moves Above Long-Term Resistance

Stellar’s value has increased steadily since the beginning of the year, with a notable breakthrough occurring in January. At the time, when the price broke through a descending resistance line that had been in place since the all-time high. Significant upward movements often follow such breakouts from long-term structures, since they signify the correction has ended.

After confirming the resistance line as support (indicated by a green icon), the price of XLM surpassed the long-standing resistance level of $0.100. Marking a positive trend for buyers. If the price continues to rise, the next resistance level will be at $0.235, which can be seen drawn on the chart.

The weekly Relative Strength Index (
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Author: Valdrin Tahiri

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