- XLM price has been trading inside a tightening range on the 4-hour chart for the past two weeks.
- The digital asset had a bearish breakdown that turned out to be a fakeout as bulls quickly bought the dip.
After a significant rally to $0.411, XLM price has been trading sideways for the past two weeks awaiting a clear breakout or breakdown. On January 20, Stellar had a breakdown below a crucial support level, but saw no bearish continuation.
XLM price recovers from bearish breakdown and targets $0.40 again
On the 4-hour chart, the Bollinger Bands were extremely squeezed and the bears saw a breakdown around 12 hours ago that turned out to be a fakeout as bulls quickly bought the dip at $0.273, pushing the digital asset to a current price of $0.291.
XLM/USD 4-hour chart
Stellar is trading inside a static range between $0.324 and $0.272 on the 4-hour chart. The upper Bollinger Band coincides with the resistance level at $0.324. As XLM has rebounded from the fakeout, a breakout above this critical point is likely and can drive its price towards $0.4.
On the other hand, the middle Bollinger band could act as a resistance level at $0.30 rejecting XLM price and pushing it towards $0.272. A breakdown below this point would quickly move Stellar to $0.2.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025
Ethereum remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.

Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary
Solana (SOL) stagnated around the $128 mark on Monday despite multiple bullish catalysts. The recent SOL unlocks by Alameda Research, ahead of FTX creditor repayments, have created a persistent bearish overhang since early March.

Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC
SUI saw slight gains on Monday as Canary Capital submitted an S-1 application with the Securities & Exchange Commission (SEC) to launch a Sui exchange-traded fund (ETF). This adds to the growing list of altcoin ETF filings awaiting approvals from the regulator.

Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation
Crypto exchange-traded funds (ETFs) extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday.

Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation
Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.