Stellar (XLM) is looking very strong right now. Top analyst Javon Marks thinks it might go up by 120%. He shared on X that XLM’s price is holding a bull flag pattern, which suggests more gains could come. At writing, XLM sits at $0.2823, up almost 14% in the last day, with trading volume up by about 60%.
XLM’s price has been climbing steadily after breaking out of a falling wedge pattern. This pattern showed up early in the chart and hinted at a possible trend reversal. After the breakout, XLM gained momentum, confirming its upward trend. The price is now consolidating in a bull flag pattern, which usually means the price will continue going up.
Analysts are keeping an eye on important price levels. The first big target is $0.681, which would be that 120% increase they’re talking about. If XLM keeps gaining strength, it might even go past $1.20. The level where it broke out earlier is now acting as strong support, which is a good sign for the market.
What you'll learn 👉
XLM Volume and Technical Indicators Support Bullish Outlook
Trading volume went up when XLM’s price broke out, showing it was a strong move. Volume has dropped a bit during this consolidation period, but if buying picks up again, we might see another breakout. Marks pointed out a hidden bullish divergence, showing underlying strength despite the price consolidation.
This happens when prices form higher lows while momentum indicators like RSI show lower lows. This signal often precedes upward movement, further supporting predictions of a continued uptrend.
Analyst’s Prediction and XLM Market Sentiment
Crypto analyst Javon Marks thinks the bull flag pattern, along with high trading volume and divergence signals, points to an upcoming rise. He’s targeting $0.681 and thinks it could go beyond $1.20 if momentum builds.
Traders are watching XLM closely since market conditions will determine if this predicted surge happens. If the bull flag pattern stays intact and volume increases, XLM’s price might make another strong upward move soon.
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