The price of Stellar Lumens (XLM) could reach a new all-time high in the coming weeks. It has performed well in recent months and is one of the best-performing cryptocurrencies in 2024.
Since last year, the XLM price has increased by 285.76%, rising from about $0.11 to $0.56 in early December 2024. In the previous 24 hours, it has also shown strong performance among large-cap cryptocurrencies, gaining 10.29%.
However, the Stellar Lumens price is still 51.4% below its all-time high of $0.9381, which happened in January 2018. Despite this, it remains over 37,000% above its all-time low of $0.001227, recorded ten years ago.
Stellar Lumens Price Might Hit a New All-Time High Soon
Crypto analysts are predicting a continuation of the XLM price increase, which could reach as high as $2.46, representing a potential 434.78% surge from its current levels after it can smash its former all-time high.
Technical analyst Charting Guy took to X (Twitter) to share a chart with his 34k followers, predicting that his first major target for the price of Stellar Lumens (XLM) is the $2.46 area.
The crypto analyst identifies $0.62 as the first key resistance level to watch, followed by the former all-time high (ATH) of $0.93, and then to $2.46, supported by Fibonacci extension levels.
The chart shows the $XLM token trading near $0.46, with tight price action and indicators like the RSI and moving averages suggesting room for upward momentum. The analysis implies that $XLM could experience significant growth if it breaks through these resistance levels.
Another crypto analyst, Javon Marks, shared a similar bullish Stellar Lumens ($XLM) price prediction, highlighting its recent strength and potential for further gains.
The analyst notes a breakout target at $0.681, which requires a 54% price increase from current levels. The chart shows a recovery from a pullback, forming a “higher low” pattern—an indicator of bullish momentum.
If $0.681 is breached, the next target identified is $1.291819, suggesting a significant upside opportunity. Technical patterns, including a breakout from a long-term downtrend, support this projection.
However, the XLM price prediction assumes sustained buying pressure and favorable market conditions. A failure to break $0.681 could lead to another retracement, underscoring the importance of closely monitoring resistance levels.
READ MORE: CCIP Upgrade Goes Live On All Mainnets As LINK Price Surges
