- Stellar (XLM) fell below its 10-day moving average, sparking debate over whether this is a bearish breakdown or bullish setup.
- Analysts are split: Javon Marks sees a potential 80% rally ahead, while Peter Brandt wants stronger confirmation before flipping bullish.
- Scopuly highlights the $0.42–$0.45 range as the make-or-break zone, with long-term upside still on the table if support holds.
Stellar’s (XLM) price is showing signs of shakiness, and the team over at Scopuly—yeah, the Stellar wallet folks—just flagged something big. According to a post on X, XLM has dipped below its 10-day moving average, a line that held strong through July’s rally… until now.
The token’s down about 6% today, and nearly 8% over the past week. Naturally, traders are split: Is this a red flag—or the calm before the next big breakout?
Scopuly Rings the Alarm, Traders Start Guessing
So here’s the scoop. In their latest post, Scopuly tossed out the question: “Are we staring down the start of a correction or setting up for a rebound?” The price currently floats around $0.43, and that recent break below short-term support has definitely shaken some nerves.
Crypto analyst Javon Marks chimed in, saying the setup feels eerily similar to what we saw back in Stellar’s 2015–2018 cycle. That one ended with a monster breakout. Marks thinks XLM might rally as high as $0.79—maybe even $8 long-term if that old-school trend holds up.
But not everyone’s sipping the hopium. Chart legend Peter Brandt threw cold water on the hype. According to him, XLM needs to hold above $0.22 and smash through $1 before we even talk about a true bull run.
Key Zone Could Make or Break It
Scopuly pointed out that the $0.42–$0.45 range is the real battlefield right now. Regaining ground above $0.45 could push Stellar back to $0.50 pretty quick—if buyers show up with conviction.
Thing is, the BBP indicator has gone red, and that usually means the sellers are running the show. Unless bulls push back soon, things could get choppy fast. Still, Scopuly’s not ready to throw in the towel. They say today’s weakness might just be short-term noise in a long-term bullish pattern.
And honestly? That wouldn’t be the first time we’ve seen Stellar do this kind of fakeout move before bouncing hard.
The Big Question: Crossroads or Cliff?
So here we are—XLM is at a major inflection point. You’ve got guys like Marks calling for a moon mission, and others like Brandt urging caution and waiting for proof.
But it’s Scopuly’s post that might be the most balanced take. They’re not saying “go all in,” but they’re reminding everyone that Stellar has pulled these stunts before—shaky dips followed by explosive rebounds.
Whatever happens next, this $0.42–$0.45 zone is gonna be the line in the sand. And how it plays out could set the tone for XLM’s next big move.
