- Bullish XLM price prediction ranges from $0.4468 to $0.7554.
- XLM price might also reach $0.7 soon.
- XLM bearish market price prediction for 2022 is $0.0341.
This Stellar lumen (XLM) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our XLM price analysis and prediction.
In the midst of the current crypto winter and consolidation, many are asking if the altcoin market corrections are here. If not so, many altcoins could enjoy long rallies in 2022. Among them is XLM, a cryptocurrency that has tremendous potential. In fact, many are asking if XLM is a good investment in 2022. We will find out the answer shortly.
But before we proceed to our Stellar (XLM) price analysis, let us first find out what is Stellar (XLM).
What Is Stellar Lumens (XLM)?
Stellar is a blockchain ecosystem that focuses on finance. Essentially, it is similar to Ethereum, TRON, and EOS in that it allows others to use its Decentralized Applications (dApps) blockchain. It also enables developers to create their own tokens. However, Stellar concentrates only on payments and peer-to-peer (P2P) transfers.
Ripple Co-Founder Jed McCaleb founded Stellar.org, the main entity behind the Stellar blockchain. In a way, Stellar is similar to Ripple in that they both focus on finance. However, Stellar aims to minimize transactions to encourage people to use it instead of more traditional means.
Lumens (XLM) is the native token of Stellar. It has a maximum supply of 50,001,802,283 XLM. It is also the chief utility asset in the Stellar blockchain. However, Stellar also allows people to create tokens on its blockchain alongside XLM.
Now that we have answered the question “What is Stellar (XLM)?”, let us proceed to our Stellar (XLM) price analysis.
Stellar Lumens (XLM) Current Market Status
As of the time of writing this Stellar price analysis, XLM trades at $0.192 with a 24-hour trading volume of $537,396,521. The price of XLM has decreased by 0.08% in the last 24 hours.
Furthermore, XLM has a current circulating supply of 24.82B XLM. Currently, the top cryptocurrency exchanges for XLM are Binance, ZBG, OKEx, CoinTiger, and Huobi Global.
Now, let’s proceed to the next part of this XLM technical analysis for 2022
Stellar Lumens (XLM) Price Analysis 2022
Currently, Stellar holds 30th place on CoinMarketCap. But will the latest upgrades, development, and changes in the XLM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XLM price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for XLM, it could be seen that the next price surge is close since the bottom curve is not touching the last candlestick. This shows that the present decrease in the price of Lumen (XLM) is not coming to an end and a bullish run should not be expected soon.
The Relative Strength Index (RSI) which measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Stellar Lumen (XLM) chart of XLMUSDT is at 27.82. This shows that it is not far from the undervalued or oversold value of 30. This value could trigger a possible bullish run if the buyers have their way since selling activities is low.
Stellar Lumens (XLM) Price Prediction
The chart below shows that Stellar has been on a downtrend in the past few days. If this trend continues, XLM might run along with the bears, thereby moving towards support 2 level at $0.1196. The price can plummet to $0.0341 at support3 in a bearish run in 2022.
Conversely, if more investors enter into the market, the bulls might take over, since a double bottom which indicates that the chart trend will be reversed will be enthroned, therefore leading to an uptrend to at least reistance4 level at $0.2981.
Meanwhile, our long-term XLM price prediction for 2022 is bullish. It has a high possibility of trading in new all-time high above the present one at $0.9381. However, that will only happen if it breaks many previous psychological resistances.
Stellar Lumens (XLM) Price Prediction 2022
If this bearish trend reverses, Stellar will reach $0.7 by the end of 2022. Moreover, the first half of 2022 is going to show slow growth, up to $0.40. Then this rise will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.7 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Stellar Lumens (XLM) Price Prediction 2023
If XLM has a relative strength index (RSI) that is above 50 in 2022, which means that a strong uptrend since more buyers are entering the market, is about to be formed, then the possibility of it reaching $0.8 by the end of 2023 has been narrowed.
Stellar Lumens (XLM) Price Prediction 2024
As per the latest upgrades, developments, XLM price prediction, and new project forecasts of the platform, XLM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XLM in the crypto market, and it will be the best investment as the price can spike and reach around $1.
Stellar Lumens (XLM) Price Prediction 2025
In the next four years, XLM’s price could race up to $1.2. However, reaching this level could not be so difficult for XLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XLM has a high possibility of reaching new ATH soon in the next five years as per the prediction.
Stellar Lumens (XLM) Price Prediction 2026
By 2026, the price of XLM world reach $2 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
Stellar has a bright future ahead of it in 2022. With the ongoing developments happening within the XLM ecosystem, as well as in the overall crypto market, we may see XLM reach new heights.
Bullish XLM price prediction ranges from $0.4468 to $0.7554 in 2022. As said above, it may even reach $0.7 if investors have decided that XLM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Stellar is a blockchain ecosystem that focuses on finance. Essentially, it is similar to Ethereum, TRON, and EOS in that it allows others to use its blockchain.
Users can obtain XLM tokens by purchasing them from cryptocurrency exchanges such as Binance, or CoinTiger.
XLM is a good investment in 2022. However, XLM has a high possibility of surpassing its current ATH at about $0.93 this year.
Yes, it’s very much possible that XLM might reach $0.7 in the near future as per the current bullish trend.
Stellar (XLM) price is expected to reach $0.7 by 2022.
Stellar (XLM) price is expected to reach $0.8 by 2023.
Stellar (XLM) price is expected to reach $1 by 2024.
Stellar (XLM) price is expected to reach $1.2 by 2025.
Stellar (XLM) price is expected to reach $2 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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