u.today
Not every day in crypto brings a moment that feels like déjà vu, but for those watching Stellar ($XLM), today might be one of them. The token, which is often compared to $XRP, is once again approaching an important technical threshold - its 200-day moving average - after jumping more than 8%.
Traders and market participants know what happened the last time $XLM was in this position. The question now is whether it will happen again.
That last time was in November 2024, and what followed was anything but subtle: a 541% spike that took $XLM to around $0.60. It was a significant move, even if it was still short of the all-time high of $0.9381 set in 2018.
But that was then. If history repeats itself even partially, things could get a lot more interesting.
A breakout similar to the previous one would take $XLM into new territory - $1.80 to be exact. Even if it does not reach that lofty goal, just getting back to its all-time high would still require a 240% gain from where it is now.
Achievable? The market will decide.
Right now, $XLM is on the verge of something big. Break above, and it could begin another strong uptrend. Fail and a consolidation or retracement could follow. No hype, no hyperbole - just a key moment in a market where timing is everything.
What's more, after soaring 173% against $XRP in November, the price of the Stellar token has fully retraced against its main competitor, even setting a new all-time low against it.
With $XRP ETF gaining buzz and its price showing what can be considered alpha behavior, could $XLM as the main beta to the third largest asset see another round of revaluation? Definitely not out of the question.