XLM crypto price breaks out as key DeFi metric hits all

2025-09-05 12:41:49 Classification：Blockchain Query read(6247)

The Official website of Bitcoin trading platformdaily timeframe shows that the XLM price formed a double-bottom pattern at $0.2170 in April and June. This pattern had a neckline at $0.3323, its highest level in June this year.

Stellar Lumens price also moved above the upper side of the descending channel. This channel is part of a bullish flag pattern, a highly popular bullish continuation signal.

Stellar has jumped above the 50-day and 100-day Exponential Moving Averages, indicating that bulls are in control. Further, the Average Directional Index has moved above 20, a sign that the trend is gaining strength.

The Relative Strength Index has risen to its highest level since May. Therefore, the most likely scenario is a move up to the neckline at $0.3323. A move above that level will point to more upside, with the key level to watch at $0.4247, the 38.2% retracement level.

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