Stellar Price Prediction: 2024, 2025, 2030

XLM price prediction: Key highlights

1. Primary support and resistance levels

• Within the weekly time frame, the highest resistance can be anticipated at $0.40.
• $0.05 can likely be the lowest support level.

2. Market sentiment

• XLM remains in a bearish market in June 2024.

3. Predictive forecasts

• Based on our AI/ML algorithms forecasts, XLM is projected to trade at an average price close to $1 in 2027 and around $120 in 2033.

Uncover deep insights on XLM via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

XLM technical analysis: Will the new upgrade save the price?

While many cryptocurrencies have recorded massive gains, XLM has underperformed in the current bull run. Mapping the past trajectory offers the base for Stellar price prediction for 2024 and beyond.

The asset encountered a downward spiral at the outset, leading the cryptocurrency to retreat to a low support level of $0.07 in June. This decline phase was not unique to XLM but highlighted its struggle within the broader market.
 

Nevertheless, the narrative turned positive in mid-June as XLM began to rally. A substantial surge in mid-July drove it to reach a new high resistance at $0.15. Yet, this victory was short-lived as the price faced rejection at this newly established peak. 

This was a classic indicator of an overvalued market, prompting a correction. The bulls could not halt further declines at the immediate support level of $0.13, which had become a price barrier by mid-August.

A subsequent attempt to test this support-turned-resistance faced substantial pushback, pushing XLM to fall back to $0.10 in October. Between November and January, bulls repeatedly exerted pressure, testing $0.13. Yet, another rejection followed.

It was only towards the end of February that a substantial pump pushed the price over this level. This surge could be attributed to the Protocol 20 upgrade. This upgrade initiated a phased rollout to enhance the payments network by adding Ethereum (ETH)-style smart contracts through the Soroban project.
 

Following this, the asset revisited its highest chart resistance. Nevertheless, the rally lacked sufficient momentum to sustain. A substantial drop in early April forced the price back to $0.10. After nearly two months of struggle, bearish pressure depreciated the price below this critical mark, marking a significant valuation loss. At the time of writing, the altcoin exchanged hands at $0.08.

On June 18, 2024, validators of the Stellar public network voted on a significant upgrade to Protocol 21, which went live on the mainnet. This upgrade activates five new Core Advancement Proposals (CAPs). The Stellar testnet had already transitioned to Protocol 21 on May 14.

Catalyzing this development, if the bulls can flip $0.10, it could serve as a base for a renewed rally. Meanwhile, the price has stayed below $0.15 for nearly two years. Overcoming this can trigger a lasting breakout rally. Nonetheless, that would necessitate a significant mobilization from buyers. 
 

This can potentially push XLM toward the $0.29 mark. In a highly optimistic scenario, the price could surge to $0.40, though this level may also be a point for potential rejection. Continuing bearish efforts can return the asset to its lowest chart floor. The next downside targets could be projected at $0.06 and $0.05.
 

Drawing on predictive models, the analysis forecasts that XLM could trade at an average price of $1 by 2027, escalating to approximately $120 by 2033. This projection reflects the expected volatility and challenges in the cryptocurrency market. It highlights the potential long-term growth trajectory for Stellar Lumens, given its ability to navigate through market fluctuations and maintain critical support levels.

XLM's 2024 roadmap: Key indicators to watch and trade

• XLM's trading volume started low. Significant surges were observed when the price touched its peak resistance.
• However, as the price ebbed, the volume mirrored this decline, settling into a more subdued state. Another recovery phase was observed towards the end of February, aligning with increasing prices. The consistent price decline again dampened this.
• The Relative Strength Index (RSI) moved past the 50 line in late June. By mid-July, it had ascended into overbought territory. After peaking later in the month, the indicator continued to decline.
• It struggled to maintain values over 50 and dropped below this line frequently between mid-September and mid-October, January and mid-February, and April. At press time, it registered at 33.34, which indicated a prominent bearish presence. 
• The On-Balance Volume (OBV) experienced a sharp ascent in July. Following this rise, the indicator stagnated, experiencing minor spikes and troughs. The OBV resumed its upward trajectory in late January. 
• However, it reversed its course again by late March. The indicator ended the period with 47.734 billion, reflecting increased selling pressure.