Stellar (XLM) has been defying the market crash and showing signs of a potential 65% rally in the near future. The current price of XLM is trading around $0.38 with a market cap of $12.17 billion. The cryptocurrency has been consolidating between $0.38 and $0.40, indicating strong market conviction that XLM could be gearing up for a significant upward move.
Institutional activity seems to be reinforcing market confidence in Stellar. Particularly in the real-world asset (RWA) category, there has been significant involvement from institutions. This has contributed to the stability of XLM at higher levels. The tokenization of $100 million in commercial real estate assets on the Stellar network by RedSwanDigital is an example of how institutions are leveraging Stellar’s technology.
Large-volume buying patterns have emerged since the breakout in Q3, suggesting sustained accumulation of XLM. This is seen as a positive sign that major players are strategically building long-term positions in the cryptocurrency. Additionally, rising trading volumes indicate growing interest in Stellar’s cross-border payment network, positioning the asset for further institutional adoption.
While the current consolidation phase may seem like a pre-rally pause, it could also be a period of accumulation before a breakout. The tight price range between $0.38 and $0.40 suggests that traders are positioning themselves for a potential upward move. Once resistance levels are breached, XLM could experience significant price momentum.
Market discussions suggest that XLM might experience a brief retracement towards the $0.31 level before resuming its upward trajectory. This retracement could serve as a buying opportunity for stronger hands and provide liquidity for further price appreciation. Analysts believe that XLM could target higher price milestones, with long-term projections reaching as high as $8.
Despite the ambitious price targets, the overall sentiment surrounding Stellar remains positive. The combination of technical strength, institutional activity, and growing ecosystem adoption bodes well for sustained long-term growth. As the cryptocurrency market continues to evolve, Stellar appears to be well-positioned for future success.