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Price Prediction for Stellar (XLM) Based on Market Trend Analysis

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by Giorgi Kostiuk

2 days ago

The decline in Bitcoin dominance opens opportunities for altcoins like Stellar (XLM). Experts analyze current trends and make predictions.

Market Indicators and Stellar Price

Stellar is currently trading around $0.39, having hit a yearly high near $0.52. An analyst from the Altcoin Doctor YouTube channel noted that the altcoin season is already 65% in progress, as indicated by the altseason index. The drop in Bitcoin dominance often paves the way for altcoin growth.

Technical Analysis of Stellar Price

Technical analysis of Stellar prices shows significant growth potential. Fibonacci levels indicate that XLM could reach $1.1 and potentially $2.8 if the upward momentum continues.

Market Cap Trends and Impact on Stellar

The total crypto market capitalization stands at about $3.8 trillion and could rise to $5.6 trillion. The altcoin market cap may also increase, benefiting tokens like Stellar once the full altcoin season kicks in.

Declining Bitcoin dominance, potential Fed policy changes, and October seasonality create a favorable backdrop for Stellar's price growth in the coming months.

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