Stellar Set to Skyrocket? Rare Macro Signal Appears after 2 Years
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Stellar (XLM), the 14th-largest digital asset, may be gearing up for a significant breakout, according to a rare macro signal that hasn’t appeared in over two years.
Prominent crypto analyst Ali Martinez recently took to X (formerly Twitter) to highlight a potential game-changing shift in the altcoin’s price trajectory.
For the first time since January 2022, the SuperTrend indicator on the weekly chart has flipped bearish to bullish – a signal many traders interpret as the dawn of a new uptrend.
The SuperTrend indicator, which overlays buy/sell signals based on average price action and volatility, has turned bullish after a prolonged downtrend stretching from early 2022.
On the weekly chart shared by Martinez, Stellar has now printed its first “Buy” zone since its long bear phase began. The last time this signal appeared, XLM went on a sustained rally, and bulls are hoping history might repeat itself.
A bullish flip after two years of bearish sentiment suggests that Stellar could be entering a multi-month rally phase – assuming key resistance levels are cleared.
Stellar (XLM) Price Analysis – Where Is XLM Heading Now?
At the time of writing, Stellar is trading at $0.2201, down nearly 12% in the past 24 hours amid wider crypto market weakness, CoinMarketCap data shows.
The daily chart below shows that XLM’s price has broken below the lower Bollinger Band at $0.2308.
Source: TradingView
The Relative Strength Index (RSI) sits at 14, deep in the oversold territory (below 30). This increases the likelihood of a near-term rebound as buyers may step in hopes of a price increase.
The immediate resistance is at the 20-day EMA, currently at $0.2406, is the first resistance bulls need to reclaim. A close above this level could open the door to a short-term recovery.
Another resistance is around $0.3076 and a weekly close above $0.33–$0.35 would confirm the SuperTrend breakout and could lead to a retest of $0.45–$0.50, especially if market sentiment improves.
Conversely, failure to hold support at $0.20 could see XLM revisit the $0.17–$0.18 range, a key accumulation zone from late 2023.
Notably, the MACD indicator confirmed a bearish divergence recently after the MACD line (blue) dropped below the signal line (orange), turning the histogram red. However, the distance between the two lines is now shrinking, suggesting that buyers are buying the dip.
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