Analyst Celal Kucuker says the price of Stellar's XLM could reach $2.50, a level that would represent a potential 15x move from current levels. The token has begun recovering after a sharp pullback, and it continues to hold above its 50-day and 200-day moving averages, with $0.180 support and $0.200 resistance in focus. Both the RSI and MACD have strengthened, signaling improving short-term momentum as XLM attempts to recover from its pullback.

Kucuker's outlook follows XLM's move from $0.154 on Aug. 19 to $0.220 on Aug. 22, before the price fell back toward $0.180 on Aug. 26. XLM is the native token of Stellar, an open-source payments network launched in 2014 that is designed for fast, low-cost cross-border transfers; the network has also been used for tokenized assets, including Franklin Templeton's OnChain U.S. Government Money Fund.

The latest 1-hour reading places XLM at $0.1869, down 0.11% on the current candle. The candle opened at $0.1871 and traded between $0.1867 and $0.1871. The first resistance now sits at $0.1900, and a move above it would bring $0.2000 into focus, followed by $0.2100 and $0.2200. On the downside, $0.1800 remains the main short-term support, and a break below that level could expose the $0.1700 area.

Momentum Improves After the Pullback

The short-term indicators have also strengthened as XLM attempts to recover. The RSI is at 61.57, above its moving average reading of 49.88, while remaining below the 70 overbought threshold.

Meanwhile, the MACD histogram reads 0.0008. The MACD line sits at 0.0002, and the signal line remains lower at -0.0005, leaving the indicator with a developing bullish crossover. Trading volume currently stands at 24.54K.

That recovery follows a broader move that began months earlier, when XLM spent an extended period trading between $0.15 and $0.18.

XLM Trades Above Key Moving Averages

The longer-term chart shows a major rally in late May, when XLM jumped from about $0.15 to nearly $0.295. That advance was followed by a decline that continued into August, and from June through mid-August the token formed a sequence of lower highs and lower lows.

The price eventually reached the $0.15–$0.16 region before rebounding sharply in late August. The recovery pushed XLM toward $0.205 before the latest pullback, which left the token at $0.187 — still above its 50-day and 200-day moving averages, two of the most widely watched trend gauges among traders, where the 200-day is commonly used to define the longer-term trend. The 50-day average has turned upward, while the 200-day average sits near $0.171. Resistance remains around $0.199–$0.200, followed by $0.219 and $0.239.

According to Kucuker, Stellar has the "cleanest chart in the market." He also said a 15x move would not surprise him, and he placed $2.50 within his stated target. For context, XLM's all-time high stands near $0.94, reached in January 2018 according to CoinMarketCap data, so a move to $2.50 would take the token beyond any level in its trading history to date.

Source: Crypto Front News; price data via CoinMarketCap