Stellar (XLM) is forming an inverse head and shoulders pattern on the 12-hour chart, as identified by crypto analyst Ali Martinez. The pattern includes a left shoulder from January to February, a head with a lower low in April to May, and a right shoulder developing since August, with a neckline resistance at $0.50.
A confirmed breakout above $0.50 could propel XLM toward Fibonacci extension targets at $0.62, $0.70, $0.83, and up to $1.00, while support levels are noted at $0.36, $0.33, and $0.30 in case of failure. The SuperTrend indicator recently flipped bullish above $0.372, signaling a short-term momentum shift and potential move to $0.38–$0.39 if the price holds above $0.37.
Currently, XLM trades around $0.38, with a 24-hour volume of $264.46 million and a 4% weekly increase, indicating consolidation. Net exchange inflows of $874.71K suggest mild selling pressure, but this is minor compared to historical spikes, reflecting routine positioning rather than a major sentiment shift.