With the Formation of the “Golden Cross”, Will XLM Reach $2 by 2025
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- Stellar’s recent golden cross and support level at $0.33 indicate the potential for a recovery towards $0.45 and higher.
- The historical gains of XLM at 3,162% support a bullish price target of $2.19 as investors withdraw substantial funds from exchanges.
Currently, Stellar [XLM] is trading at around $0.4255, down by 0.96% in the last 24 hours and witnessing a decline of 9.09% over the past week.
The circulating supply stands at 30 billion XLM, resulting in a market cap of approximately $12.79 billion.
Pivotal technical indicators suggest there’s potential for recovery
The latest technical analysis reveals that Stellar has formed a “golden cross” when its short-term average (red) moved above the longer-term average (yellow), often interpreted as an optimistic indicator for future price increases.
A glance into past performance suggests optimism for growth ahead.
