Stellar (XLM) Chart Signals Major Rally —Is A 330% Surge Coming?

Stellar (XLM) experienced a 10.77% price increase, following a bearish week for the crypto market. Market analyst Ali Martinez predicts a significant bullish swing for XLM. Martinez points to a bullish flag formation on the XLM/USDT 3-day chart. This pattern suggests a potential price surge, but XLM needs to break above $0.41 to confirm it. Resistance levels exist at $1.00, $1.21, and $1.41. A successful breakout could lead to a 330% price increase, reaching approximately $1.20. The RSI indicator supports this bullish potential, showing upward momentum. Currently, XLM trades at $0.3141, but weekly and monthly performance remains negative. Increased buying pressure and trading volume are crucial for a bullish breakout. Despite the recent gains, XLM still faces significant resistance and bearish market trends.