Stellar (XLM) is making headlines once again as its market structure flashes bullish signals. Currently trading at $0.2975, XLM has seen a 1.03% uptick in the past hour, though it's still down 4.63% over the last 24 hours. Backed by a circulating supply of over 31 billion XLM and a max supply capped at 50 billion, Stellar remains a key player in the digital asset ecosystem. As bullish momentum builds, many investors are closely watching for the next Stellar price prediction, anticipating potential gains in the ongoing market cycle.
From a technical perspective, XLM is showing renewed strength. The 50-day Simple Moving Average (SMA) sits at $0.2652, while the 200-day SMA stands higher at $0.3190, indicating upward momentum if current trends continue. Notably, XLM has broken out of a falling wedge pattern—a classic bullish signal—and is now eyeing the $0.60 mark. The daily MACD line has crossed above the zero level, supporting the idea of an emerging rally, especially following a breakout from an inverse head and shoulders pattern.
Institutional interest continues to grow, further validating Stellar’s long-term potential. Since the Soroban smart contract upgrade in early 2024, Stellar’s ecosystem has expanded rapidly. With over $54 million in total value locked (TVL) and a stablecoin market cap exceeding $353 million, it’s clear the network is seeing real traction.
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Institutions such as Franklin Templeton, Circle (USDC), IBM, and MoneyGram have all turned to Stellar for tokenizing real-world assets (RWA), making it a strong contender in the asset tokenization race.
Looking ahead, XLM appears poised to mirror XRP’s historical performance, which also saw a macro breakout after years of consolidation. If momentum sustains and key resistance levels are cleared, Stellar could very well reach the $0.60 target in the near term.
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