XLMUSD.P Stellar (XLM) has broken out of a classic pole-and-flag pattern on the daily chart, rallying over 16% in 24 hours. This continuation setup typically leads to further upside, and the measured move from the $0.23–$0.52 pole hints at a potential extension toward $0.97, provided bulls defend current levels.While the 4-hour triple EMA crossover strengthens the uptrend case, a sharp 1,159% spike in exchange netflows could indicate early profit-taking pressure. This pattern of inflows has historically led to short-term dips. Still, the Bull-Bear Power (BBP) index flipping green adds conviction to the breakout.
Upside targets to watch: $0.52 (swing high) and $0.97 (extension). Invalidation if
XLMUSD.P price closes below $0.36.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.