Stellar (XLM) Shows Signs of Accumulation, 2017-Like Rally Possible
Stellar (XLM) is showing signs of accumulation, reminiscent of its 2017 pre-rally phase. The coin is trading at $0.37, up 1.34% in the past day, with a market cap of $11.8 billion. Analysts suggest this consolidation could lead to a price rally if XLM breaks key resistance levels.
Historical chart patterns indicate XLM is in an accumulation phase, similar to 2017 before its significant rally. The daily chart shows the price trading just below the Bollinger Band midline, reflecting reduced volatility and potentially signaling an upcoming directional move. Prolonged compressions of Bollinger Bands have historically preceded substantial price shifts in XLM.
The Chaikin Money Flow (CMF) indicator currently reads +0.05, suggesting modest capital inflows and buying pressure, despite subdued price action. XLM's trading volume has reached $234 million over the past 24 hours, indicating healthy liquidity. The current supply of XLM in circulation is more than 31.9 billion tokens.
Analysts emphasize that such accumulation phases often go unnoticed until a breakout occurs. If XLM breaks above key resistance levels, it could lead to a stronger price rally, as noted by The Currency Analytics in 2025. Traders should keep an eye on XLM's price action for any signs of a potential breakout.
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