Stellar (XLM) price is currently experiencing a tight range, indicating a potential upcoming decisive move.
On the hourly chart, XLM price is consolidating around $0.287 with major moving averages flattening, pointing towards a consolidation phase.
The daily chart shows a symmetrical triangle pattern, with XLM price finding support at the 50-day SMA and resistance at the 200-day SMA, hinting at possible large breakouts in the future.
If XLM price breaks above $0.295 and gains momentum, it could rally towards $0.35 and even reach $0.38, while a breakdown below $0.272 could lead to a decline towards $0.25 or lower.