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Stellar Price Prediction: Is XLM Set to Surge by 25%?

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Stellar (XLM) price filled a triangle pattern as volatility shrunk in the market around mid-July. Bouncing between two converging trendlines, the price action of the altcoin eventually broke out from under the pattern to find support at $0.1126. This is a crucial level for the altcoin, acting as a multi-month congestion base.

From a technical perspective, the Stellar price remains bearish, positioned under the foothold of the parabolic SAR indicator. The trend-following tool, tracking the price above, shows that the asset is bearish. However, fundamentals point to efforts to restore bullish momentum in the XLM community.

Stellar Network Drives Social Development

In a recent blog announcement, the Stellar Development Foundation (SDF) revealed its humanitarian investment intended to support the vulnerable. This bodes well for the network on a social development front and is ultimately bullish as investors associate value-adding ecosystems.

In this endeavor, the Stellar ecosystem is pushing toward a world transformed by blockchain technology, diminishing aid dependency while building on sustainable solutions. It is important to note that Stellar has more real-world assets on-chain than every other chain combined.

The Stellar ecosystem advocates for an open web, campaigning for an ecosystem running on multi-chain and cross-bridges. To this end, the network focuses on interoperability, a crucial benefit of blockchain. This explains why smart contracts continue to venture into the Stellar network.

The bullish fundamentals continue to promote the social metrics (volume and dominance) of Stellar as an ecosystem.

Stellar santiment
Stellar social metrics on Santiment

Stellar Price Forecast Amid Bullish Social Metrics

XLM price is $0.1154 at the time of writing, recording a daily rise of 2% in the last 24 hours. The token has found support at $0.1126, with the Relative Strength Index (RSI) moving north. This shows that momentum is rising. If sustained, XLM could break above the lower boundary of the triangle at around $0.1200.

In a highly bullish case, a Stellar price could break above the upper boundary, coinciding with the upper trendline of the Parabolic SAR at $0.1278. A decisive flip of these levels into support would clear the path to move north, potentially reaching the forecasted $0.1439. Such a move would constitute a 25% climb above current levels.

For confirmation, investors should watch the $0.1389 resistance level, which marks the last high before the latest downtrend. A break and close above it would confirm the bullish thesis.

Stellar price
TradingView: XLM/USDT 1-day chart

Conversely, bearish presence in the market remains strong, with the RSI still under 40 and the histogram bars still red. This means the likelihood of a slump remains plausible, and Stellar price could fall. While a drop below the immediate support at $0.1126 would threaten the upside potential, invalidation of the bullish outlook would only occur once Stellar price records a solid move below the $0.1000 psychological level.

Meanwhile, another project is showing remarkable growth potential despite debuting only recently. BTCBSC is the new presale token to buy.

XLM Alternative

BTCBSC is the native asset for the Bitcoin on Binance Smart Chain ecosystem, otherwise referred to as Bitcoin BSC. The project launched only recently but has recorded tremendous success, so much so that even after hitting the soft cap, it shocks onlookers, sprinting to the hard cap of $6,063,750. The latest update on the website shows that over $4.2 million has already been collected in presale sales.

The project is a second chance for investors who missed out on Bitcoin in early 2011 when BTC auctioned for $0.99. Promising similar growth potential, if not more, Bitcoin on Binance Smart Chain has strong fundamentals running on the Ethereum blockchain. These include speed and cost-effectiveness during transactions, security, and the capabilities of smart contracts. You also save money on gas fees.

As a BTCBSC community member, you can grow your income streams, all thanks to the fantastic opportunities the project offers. One income earner that stands out is the referral program, where you get 5% of every transaction anyone you refer makes. To enjoy this opportunity, link your wallet and get your unique referral link.

Interestingly, the Bitcoin BSC project meets users where the essence of Bitcoin and BNB Smart Chain converge. It delivers eco-friendly staking for potential rewards, another opportunity to grow your income. Buy BTCBSC on presale today.

Staking is a key feature of the Binance BSC project, with Annual Percentage Yields (APY) as high as 122%. With block rewards similar to the Bitcoin (BTC) ecosystem, almost two million BTCBSC tokens have been staked.

BTCBSC stake

Investors can claim their tokens once the presale ends, which will be soon, judging by how far the sales are going. You will claim your BTCBSC tokens on the website, likely on the same day the listing takes place.

The value of the BTCBSC token is expected to explode upon listing, with analysts anticipating 10X profit for your investment. Do not miss out on this golden opportunity.

Visit BTCBSC here

Also Read:

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