Stellar (XLM) Could Be Breaking Out of an Ascending Channel, Sets Price Target

Stellar’s native token, XLM , is once again grabbing the spotlight as prominent crypto analyst Ali signals a potential breakout from its current ascending channel. According to Ali, XLM could soon target $0.26 if this bullish move is confirmed, sparking fresh excitement within the Stellar community and broader crypto market. #Stellar $XLM could be breaking out of an ascending channel, potentially targeting $0.26! pic.twitter.com/DLSOF4CQOe — Ali (@ali_charts) May 24, 2025 Technical Setup Signals Strength Ali’s analysis, shared on X, highlights the formation of an ascending channel pattern on XLM’s price chart. An ascending channel is typically seen as a bullish continuation pattern, where the price steadily moves higher within two parallel trendlines — each successive high and low higher than the last. A breakout above this channel signals that momentum is intensifying, often triggering a surge as buyers rush in to capitalize on the move. At the time of writing, XLM has been consolidating just below key resistance levels , and Ali suggests that a breakout could open the path toward $0.26, a level not seen since earlier bullish runs. Technical traders and market watchers are now closely observing whether XLM can maintain the necessary volume and strength to push decisively above this channel, confirming the bullish thesis. Stellar’s Ecosystem Growth and Broader Momentum Beyond the chart patterns, Stellar’s network fundamentals have shown consistent progress. As a blockchain designed for cross-border payments and asset issuance, Stellar has been expanding its use cases in emerging markets, financial inclusion, and remittance corridors. Over the past year, the Stellar Development Foundation (SDF) has also intensified its focus on stablecoin integrations, CBDC exploration, and partnerships with fintechs, helping to anchor XLM’s relevance in the fast-evolving blockchain economy. These fundamental drivers lend additional weight to the bullish sentiment reflected on the charts. While technical setups like ascending channels offer short- to medium-term price insights, long-term investors also keep a close eye on network adoption metrics, developer activity, and institutional collaborations, all of which Stellar has been actively nurturing. What to Watch Moving Forward For traders, the key level to watch now is whether XLM can break and hold above the upper boundary of the ascending channel. A clean break, especially accompanied by a spike in volume, could validate Ali’s $0.26 target and potentially spark further upside. However, as with all technical setups, failure to break resistance might result in a pullback toward the lower boundary of the channel or even a broader consolidation phase. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 It’s worth noting that XLM’s movements often correlate with broader market sentiment, particularly Bitcoin’s (BTC) directional bias. If the overall crypto market remains bullish, it could act as a tailwind for XLM’s breakout attempt . On the flip side, any market-wide correction might dampen momentum, even if Stellar’s technicals appear strong. Final Thoughts Ali’s observation about Stellar’s potential breakout underscores the importance of combining technical analysis with an awareness of broader market dynamics and project fundamentals. As Stellar (XLM) approaches this critical juncture, traders and investors alike will be keenly watching whether the token can achieve the $0.26 target, reinforcing its position as a key player in the cross-border blockchain payments space. While breakouts always carry an element of risk, Stellar’s consistent ecosystem growth and rising market attention suggest that the coming weeks could be pivotal for XLM’s price trajectory. As always, participants should stay informed and exercise caution, keeping in mind that the crypto landscape remains highly volatile and fast-moving. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Stellar (XLM) Could Be Breaking Out of an Ascending Channel, Sets Price Target appeared first on Times Tabloid .

Source: TimesTabloid