Stellar coin is entering a pivotal technical phase as analysts identify the $0.37 support level as the defining threshold for its next major move.
With the token trading around $0.38, recent chart patterns and long-term technical formations suggest that the asset could be gearing up for a substantial breakout toward $0.50, provided bulls successfully defend key price zones.
$0.37 Acts as a Make-or-Break Zone for XLM Momentum
In a recent X post, Ali pointed Stellar’s $0.37 price zone has become a pivotal line in the sand, serving both psychological and technical importance. The chart shows that the coin has recently broken above a long-standing descending resistance line, transforming a previously bearish setup into one that now favors continuation to the upside.
Source: X
Ali notes that the 0.786 Fibonacci retracement level intersects precisely at $0.37, amplifying its strength as a support and accumulation area. Holding this level could spark a swift advance toward sequential resistance targets at $0.42, $0.45, and $0.50, which align with Fibonacci extensions derived from previous swing highs.
However, a decisive breakdown below $0.37 could trigger a short-term correction toward $0.34–$0.35, where secondary demand zones have historically absorbed selling pressure. The analyst underscores that this period of tight-range consolidation represents a “make or break” scenario, with upcoming volume spikes likely determining the next directional bias.
Market Data Shows XLM Holds Above Key Moving Averages
On one hand, according to BraveNewCoin data, Stellar is currently priced at $0.38, marking a 2.38% gain over the last 24 hours. The asset’s market capitalization stands at $12.29 billion, supported by a 24-hour trading volume of $231 million and a circulating supply of 32.0 billion tokens. This positioning places the crypto comfortably within the top 20 digital assets by market cap.
Source: BraveNewCoin
Market activity data shows that the asset continues to trade steadily above its 50-day exponential moving average (EMA), suggesting ongoing strength in its medium-term trend. Despite moderate intraday fluctuations, liquidity and volume patterns remain consistent, a hallmark of accumulation-driven markets rather than speculative exhaustion.
Multi-Year Patterns Point Toward $1.00–$3.00 Expansion
On the other hand, in a separate analysis shared by ChartNerd, Stellar’s broader technical framework reveals multiple bullish long-term formations, including a cup-and-handle, double bottom, and, most recently, a bull flag structure. The analyst suggests that before entering price discovery, the coin could retrace toward $0.31, a historical support zone that has previously acted as a springboard for major rallies.
Source: X
ChartNerd’s projections identify the $1.00 region as the first major upside milestone following confirmation of the bull flag breakout. Beyond that, $3.00 is cited as a highly realistic target within the next bullish cycle, while $8.00 represents a maximal, euphoric-level stretch projection achievable only under ideal market conditions and extended macro bull momentum.
