XLM News: Wyckoff Pattern Reemerges as Bulls Defend $0.32 Support
Stellar (XLM) is showing signs of completing a Wyckoff re-accumulation phase near $0.32, suggesting a potential parabolic expansion is imminent.Summary
Market analysis suggests that Stellar (XLM) is mirroring its historic 2015–2018 price cycle, specifically exhibiting characteristics of a Wyckoff re-accumulation phase between 2022 and 2025. Analyst Crypto Cyclist noted that the current low volatility and gradually rising lows are typical signs of smart money accumulation, implying the asset may be poised for a parabolic expansion phase.
Currently, XLM is trading around $0.32, holding firm above key support levels, which aligns with the accumulation thesis. Technical indicators like the RSI (at 47.44) and a positive MACD histogram suggest diminishing selling pressure and improving momentum. A decisive break above $0.35–$0.36 would confirm a trend reversal, potentially leading to targets near $0.38–$0.40, continuing the pattern observed in the historical Wyckoff structure.
(Source：Brave New Coin)