Analyst Predicts Stellar Price Could Target $0.65 After Major Resistance Test

XLM surged by 100% from $0.227, reaching $0.4746 resistance, with analysts targeting $0.57–$0.65 on bullish continuation.

Key support at $0.3788 holds, while a drop below could test $0.30–$0.25; long term support Is at $0.127–$0.1587.

Stellar adoption grows with 9.69M enterprise wallets, $150M TVL, and 5K+ new institutional addresses added daily.

Stellar’s native token, XLM, has entered a key phase after doubling in value from its accumulation zone. According to analysts, the digital asset has already achieved a 100% gain, climbing from the $0.227 buy zone to reach a second target of $0.4746

This level coincides with immediate resistance, where price has started consolidating. A sustained breakout above this region could lead to further upside momentum, potentially aiming toward the $0.57–$0.65 range

However, analysts emphasize that price behavior around $0.3788 support will determine whether bullish momentum remains intact.

Resistance Levels Define the Next Move

Analyst Rose noted that the $0.4746 mark has become a key barrier following the latest rally. The price action has slowed near this resistance, creating uncertainty over short term direction

XLM/USDT 1-week price chart, Source: Rose on X

If XLM clears this level, the next test is at $0.5734, considered a major resistance point. A breakout above both levels may strengthen the bullish structure further. XLM recently broke out of a long standing descending channel with a strong green candle in July, reversing prior bearish momentum.

Support Zones Provide Safety

Market outlook shows key support around $0.3788, which helped establish a base during July rally. As long as XLM holds above this zone, analysts consider bulls to be in control. Below this level, a move toward the $0.30–$0.25 range becomes possible in the mid term

A wider support zone between $0.127 and $0.1587 is also highlighted as an important long term accumulation area. This range aligns with the 0.786 Fibonacci retracement, making it a key zone for potential recovery if bearish pressure returns.

Adoption Metrics Boost Outlook

Adoption trends have also been emphasized by analysts tracking network growth. Joe Swanson noted that Stellar is holding 9.69 million enterprise wallets with $150 million in total value locked

The network is adding over 5,000 institutional addresses daily, a growth rate that indicates increasing enterprise activity. According to Swanson, XLM holding firm around $0.41 alongside these adoption metrics suggests rising institutional interest. He further noted that a break above $0.50 could lead toward $0.77 if momentum accelerates.

Stellar outlook now depends on its ability to sustain above near term support while challenging resistance. With both technical outlook and adoption metrics aligning, the market is focused on whether the digital asset can extend its gains beyond $0.57.

The post Analyst Predicts Stellar Price Could Target $0.65 After Major Resistance Test appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

XLM0.88%
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