Stellar Analyst Says XLM Price Breakout Is Close: Reveals Key Signs to Watch

An account with the name Scopuly, on X , believes that a breakout for Stellar could be just around the corner. According to their latest analysis, Stellar price action has stayed strong even though the expected golden cross on the daily chart has not yet formed. The 9-day moving average still has not crossed above the 21-day moving average, but this technical signal could appear any day now. If it does, it might send XLM price soaring.

One important clue is trading volume. Right now, XLM trading volume has dropped by almost 21% to $160 million. That decrease shows that fewer people are trading Stellar today, but Scopuly points out that a sudden increase in volume could quickly flip momentum back to bullish. If volume picks up, it could be the spark needed to push Stellar price above its recent highs.

XLM Price Chart

Today, XLM has reached a high of $0.2477. The daily low is currently $0.2301, and although the price cooled down a bit after the initial jump, the uptrend is still intact. Stellar price looks ready to make a bigger move if the right catalyst comes along.

PayPal Integration Could Change Everything for XLM

Scopuly highlights that a potential integration with PayPal could be the game changer for Stellar. PayPal’s CEO, Alex Chriss, has hinted that bringing Stellar into its platform would give access to millions of new developers and users. If PayPal follows through, the added exposure and trust could massively increase XLM price and usage.

Currently, Stellar is ranked 17th among all cryptocurrencies by market cap. It sits just $310 million behind Avalanche. Scopuly says that big institutional partnerships, like the possible PayPal move, could help Stellar leap ahead of competitors fast. Such a jump in rank would also bring more attention and investment to XLM.

Read Also: How Much Could Shiba Inu (SHIB) Price Be Worth by 2035 and 2040?

Key Triggers to Watch for Stellar

Scopuly advises traders and investors to keep a close eye on three main triggers: the delayed golden cross, sudden changes in volume trends, and announcements of major partnerships or integrations.

Any of these could cause a breakout for Stellar price. Right now, everything is lining up for XLM to surprise the market this cycle.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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