- Stellar (XLM) is consolidating under trendline resistance.
- XLM Bulls eye a 50-70% rally if resistance breaks.
- Bearish warning: A “Death Cross” could trigger a 20% drop.
Stellar (XLM) is at a tipping point. After an 8% surge on Tuesday, Stellar (XLM) is consolidating under trendline resistance, setting the stage for a make-or-break move.
Stellar (XLM) Price Action: Approaching Key Trendline Resistance
As of April 2, Stellar (XLM) is trading at approximately $0.267 , down 4% today after an 8% rally on Tuesday, as increased trading volume reignited optimism among XLM holders.
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The Ripple (XRP) competitor reached its lowest price in March at $0.25 on March 31 but has since been forming higher highs and higher lows, fueling hopes of a trend reversal.
Since reaching a multi-year high of $0.638 in November 2024, Stellar has been in a downtrend. Bulls attempted to reignite the uptrend in January, but resistance at $0.51 forced XLM lower. It has since been trading below the 200-day moving average (MA) at around $0.26.
However, on the daily timeframe, XLM is approaching a crucial inflection point—will it break trendline resistance, or face another rejection?
Stellar (XLM) price is getting closer to trendline resistance. Source: Tradingview The short-term price predictions for XLM vary among analysts.
Short-Term XLM Price Predictions: Bullish vs. Bearish Outlook
Bullish Scenario
Crypto trader CryptoCharts isn’t holding back, saying XLM could explode by 70% if the resistance level is broken.
“XLM is looking very strong here, at least in the short term. It is consolidating under trendline resistance, and a 50-70% bullish rally is expected after a successful breakout,” says crypto trader on X.
According to this projection, if XLM breaks above trendline resistance, the price could surge to $0.40 or even $0.46.
Bearish Scenario
Other analysts caution against a potential downside, at least in the short term.
One key concern is the position of the Moving Averages (MA) and the potential formation of a Death Cross . Technical analysis shows that the 50-day MA is nearing the 200-day MA, which could be a bearish signal.
If MA50 crosses below MA200, forming a Death Cross, it could trigger a 20% drop , sending XLM below its monthly low of $0.22.
In such a case, XLM could find potential support between $0.19 and $0.21.
Stellar (XLM) price has potential support in the pessimistic scenario. Source: Tradingview Why This Matters
Stellar (XLM) is approaching a make-or-break moment. The price direction remains uncertain, given overall crypto market trends and the macroeconomic landscape—including Trump’s import tariffs on cars and auto parts announced today.
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