Not every day in crypto feels like a cosmic déjà vu, but today, dear reader, might be that day. Stellar (XLM), that XRP whisperer, is once again eyeing that seductive 200-day moving average, after a delightful 8% jump 🚀 . Traders, bless their algorithmic hearts, are doing what they do best: remembering that last time this happened in November 2024. Remember that?
Ah yes, the good old days when XLM went absolutely bonkers, spiking a whopping 541% 🤯 to dance around $0.60. It was a grand spectacle, even if it fell short of that glorious 2018 all-time high of $0.9381. But that was then, and this is now, a time where anything goes, or at least that’s what the charts seem to be saying.
A repeat performance? It would send XLM soaring to a new height – a majestic $1.80. Even if it doesn’t reach that pinnacle, a return to its former glory would still require a 240% leap. Is it achievable? Well, darling, that’s for the market to decide, isn’t it?
Right now, XLM is perched precariously on the edge of something momentous. Break free, and it could embark on a new, glorious uptrend. Falter, and a consolidation or retracement might be on the horizon. No need for hyperbole here – just a pivotal moment in a market where timing is everything, like trying to catch a particularly slippery space slug.
And speaking of slippery space slugs, remember that 173% surge XLM had against XRP back in November? Well, it’s all come back to bite it, with the price fully retracing against its arch-rival, even hitting a new all-time low. Ouch.
But hold on, dear reader. With the XRP ETF generating all the buzz and XRP itself acting like it’s got a secret sauce, could XLM, as the ultimate beta to the third largest asset, experience another round of revaluation? It’s not beyond the realm of possibility, is it?
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2025-03-13 17:31