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Stellar (XLM): Bullish Potential Despite Bearish Outlook

Stellar XLM: Set For HUGE GAINS?!
Stellar XLM: Set For HUGE GAINS?!

Stellar (XLM) is a cryptocurrency that has been gaining attention in recent months, particularly in light of the buzz surrounding XRP. Both Stellar and XRP are blockchain projects, but they have distinct focuses. Ripple (XRP) is primarily targeted towards financial institutions, while Stellar (XLM) is focused on individual users.

In a recent video, cryptocurrency analyst and trader JB discusses the potential of Stellar (XLM) in the current crypto market. He highlights the similarities and differences between Stellar and XRP, and provides a technical analysis of XLM’s price chart.

Technical Analysis of Stellar (XLM)

On the 1-hour chart, JB notes that XLM is currently in a bullish trend, targeting a move to 11.5-11.59 cents. Technical indicators like the 1-hour stochastic RSI suggest that there is further upside potential.

On the 1-day chart, XLM has faced a corrective structure but might continue moving higher. Potential price targets for XLM on the one-day chart range between 11.91 and 13.09 cents.

Despite a bearish outlook on the one-week chart, JB anticipates a strong potential for XLM in the next bull run. Speculative targets for XLM in a bullish scenario include a range from $1.56 to $12.98.

Overall, JB’s analysis suggests that Stellar (XLM) is a cryptocurrency with bullish potential, despite a bearish outlook in the short term.

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