XLM crypto price breaks out as key DeFi metric hits all

2025-09-08 00:41:49 Classification：Blockchain Query read(4)

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.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.