Stellar (XLM) is exhibiting a bullish technical structure following a significant breakout from a long-term trendline in early 2023. Analyst Javon Marks suggests this could fuel a 280% price rally toward a target of $0.681, with further upside possible to $1.29 if that level is surpassed. Momentum indicators support the bullish shift, while the network expands its utility through a new partnership with TopNod aimed at accelerating global financial transfers.
Stellar’s XLM maintains a bullish posture after breaking a key long-term trendline resistance. This shift has sparked strong upside momentum and confirmed buyer strength, according to crypto analyst Javon Marks.
Marks states that the broken trendline must hold as support for the projected advance. “As long as this level holds as support, any pullbacks may act as fuel for a projected 280% advance toward the $0.681 target,” he said. Market participants are closely watching the $0.681 resistance level for a decisive breakout.
A confirmed move above $0.681 could validate the bullish outlook and open a path toward the next major target near $1.29. Current price action shows the asset trading in the $0.175 to $0.180 region after establishing a base near $0.142.
Momentum indicators on shorter timeframes align with the bullish narrative. The Relative Strength Index (RSI) is near 75, signaling strong momentum as it approaches overbought territory. The Moving Average Convergence Divergence (MACD) indicator also shows a positive crossover with expanding histogram bars.
Separately, TopNod announced a major partnership with the Stellar network to enhance global financial access. The collaboration was revealed at the Consensus Hong Kong event and aims to leverage Stellar’s scalability for solutions across Asia.
The partnership seeks to drive inclusive financial innovation with interoperable blockchain solutions. It is designed to accelerate decentralized finance adoption, reduce transaction costs, and facilitate global value movement.
