Ali Martinez, a market analyst, believes that Stellar (XLM) is forming a bullish flag pattern on the three-day chart. This pattern emerged after Stellar’s price surged by 600% in November 2024 and is currently in a consolidation phase. According to Martinez’s analysis, if XLM can break the resistance level of $0.42, it could rise to $1.60, indicating a 300% growth from the current level. Currently, XLM is trading around $0.29. Martinez has also identified bullish signs for Bitcoin (BTC), noting that when traders’ profit percentage reaches 12%, Bitcoin usually reacts positively and grows. Currently, this figure has reached 15.4%, which could be a sign of a bullish trend reversal. Notably, in the past two weeks, 25,000 Bitcoins (equivalent to $2.29 billion) have been withdrawn from exchanges, which typically indicates a decrease in selling pressure. Additionally, Whales have purchased over 20,000 Bitcoins, indicating strong demand at lower levels and the potential for a bullish trend reversal. The market is still influenced by investors’ sentiments and macroeconomic changes. However, indicators such as the XLM bullish pattern, Whales’ buying, and the decrease in Bitcoin inventory on exchanges can be promising signs of a bullish trend reversal. You can track the real-time prices of all tokens and cryptocurrencies on the live digital currency price page.
