Stellar Lumens Price Prediction – Will XLM Price Hit $0.7 in 2022?

This Stellar lumen (XLM) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our XLM price analysis and prediction.

In the midst of the current crypto winter and consolidation, many are asking if the altcoin market corrections are here. If not so, many altcoins could enjoy long rallies in 2022. Among them is XLM, a cryptocurrency that has tremendous potential. In fact, many are asking if XLM is a good investment in 2022. We will find out the answer shortly.

But before we proceed to our Stellar (XLM) price analysis, let us first find out what is Stellar (XLM).

What Is Stellar Lumens (XLM)?

Stellar is a blockchain ecosystem that focuses on finance. Essentially, it is similar to Ethereum, TRON, and EOS in that it allows others to use its Decentralized Applications (dApps) blockchain. It also enables developers to create their own tokens. However, Stellar concentrates only on payments and peer-to-peer (P2P) transfers.

Ripple Co-Founder Jed McCaleb founded Stellar.org, the main entity behind the Stellar blockchain. In a way, Stellar is similar to Ripple in that they both focus on finance. However, Stellar aims to minimize transactions to encourage people to use it instead of more traditional means.

Lumens (XLM) is the native token of Stellar. It has a maximum supply of 50,001,806,2812 XLM according to CoinMarketCap. It is also the chief utility asset in the Stellar blockchain. However, Stellar also allows people to create tokens on its blockchain alongside XLM.

Now that we have answered the question “What is Stellar (XLM)?”, let us proceed to our Stellar (XLM) price analysis.

Stellar Lumens (XLM) Current Market Status

As of the time of writing this Stellar price analysis, XLM trades at $0.1406 with a 24-hour trading volume of $139,673,936. The price of XLM has increased by 2.11% in the last 24 hours.

Furthermore, XLM has a current circulating supply of 24.96B XLM. Currently, the top cryptocurrency exchanges for XLM are Binance, ZBG, OKEx, CoinTiger, and Huobi Global.

Now, let’s proceed to the next part of this XLM technical analysis for 2022.

Stellar Lumens (XLM) Price Analysis 2022

Currently, Stellar holds 25th place on CoinMarketCap. But will the latest upgrades, development, and changes in the XLM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XLM price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for XLM, it could be seen that the next price surge is close since the recent candlesticks are within the middle of the curve. This shows that the present increase in the price of Lumen (XLM) is not coming to an end and a bullish run should be expected soon.

The Relative Strength Index (RSI) which measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Stellar Lumen (XLM) chart of XLMUSDT is 47.88.  This shows that it is its trend is neutral since it lies between 30 and 50. This value could trigger a possible bullish run if the buyers have their way due to the recent gains.

Stellar Lumens (XLM) Price Prediction 2022

The chart below shows that Stellar has been on an uptrend in the past few days. If this trend continues, XLM might run along with the bulls, thereby moving to overtake its $0.167 resistance1 level and move higher to $0.422 at the resistance6 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Stellar Lumen (XLM) from its uptrend position. In simpler terms, the price of XLM might surge to almost $0.113 at the support level, and might even plummet further.

Meanwhile, our long-term XLM price prediction for 2022 is bullish. It has a low possibility of trading at a new all-time high above the present one at $0.9381. However, that will only happen if it breaks many previous psychological resistances.

If this bearish trend reverses, Stellar will reach $0.422 by the end of 2022. Moreover, the first half of 2022 is going to show slow growth, up to $0.201. Then this rise will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.7 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Stellar Lumens (XLM) Price Prediction 2023

If XLM has a relative strength index (RSI) that is above 50 in 2022, which means that a strong uptrend since more buyers are entering the market, is about to be formed, then the possibility of it reaching $0.8 by the end of 2023 has been narrowed.

Stellar Lumens (XLM) Price Prediction 2024

As per the latest upgrades, developments, XLM price prediction, and new project forecasts of the platform, XLM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XLM in the crypto market, and it will be the best investment as the price can spike and reach around $1.

Stellar Lumens (XLM) Price Prediction 2025

In the next four years, XLM’s price could race up to $1.2. However, reaching this level could not be so difficult for XLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XLM has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Stellar Lumens (XLM) Price Prediction 2026

By 2026, the price of XLM would reach $2 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Stellar Lumens (XLM) Price Prediction 2027

As per the latest upgrades, developments, XLM price prediction, and new project forecasts of the platform, XLM investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of XLM in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Stellar Lumens (XLM) Price Prediction 2028

In the next seven years, XLM’s price could race up to $10. However, reaching this level could not be so difficult for XLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XLM has a high possibility of reaching new ATH soon in the next seven years as per the prediction.

Stellar Lumens (XLM) Price Prediction 2029

As per the latest upgrades, developments, XLM price prediction, and new project forecasts of the platform, XLM investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of XLM in the crypto market, and it will be the best investment as the price can spike and reach around $20.

Stellar Lumens (XLM) Price Prediction 2030

In the next nine years, XLM’s price could race up to $50. However, reaching this level could not be so difficult for XLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XLM has a high possibility of reaching new ATH soon in the next nine years as per the prediction.

Conclusion

Stellar has a bright future ahead of it in 2022. With the ongoing developments happening within the XLM ecosystem, as well as in the overall crypto market, we may see XLM reach new heights.

Bullish XLM price prediction ranges from $0.201 to $0.422 in 2022. As said above, it may even reach $0.7 if investors have decided that XLM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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