Star price forecast for today, January 15 – InsideBitcoins

Stellar (XLM) has been quietly building momentum over the past 24 hours. Could Donald Trump’s impending inauguration be the motivation you need to reach new heights? As a strong supporter of cryptocurrencies, Trump’s policies are expected to have a major impact on the industry. But what does this mean for XLM’s future prospects?

Key statistics for XLM

• Current price: $0.45
• Market value: $13.8 billion
• Trading volume (24 hours): $1.50 billion
• Rolling supply: 4 billion XLM
• Total width: 50 billion XLM
• CoinMarketCap Rating: No. 12

XLM is up 7% over the past week and 12% in the past month. Looking at historical data, the price of XLM on the last day of January was above the opening price six times out of 11, while in five out of 11 cases, the price was below the initial value of the month.

XLM/USD market

Key levels

• resistance: $0.50, $0.63, $0.70
• Supports: $0.41, $0.33, $0.30

Stellar (XLM) is currently showing increasing momentumis trading at $0.45 with an impressive daily gain of 6.17%. The Keltner Channel (KC) envelops the price action, indicating a relatively balanced but upward trend. Immediate resistance is seen at $0.50, which is the psychological level that is in line with the upper limit of KC. If the bullish momentum continues, XLM could rise towards $0.63, which is the highest level previously tested and represents a pivotal resistance area. Beyond that, a break above $0.63 could send the symbol towards $0.70, triggering new highs. However, if the current rally fades, XLM may first retest $0.41, the middle KC line, which offers crucial support. A deeper correction could push it to $0.33, in line with the KC lower bound, and further declines could extend to $0.30, a historically important floor.

The RSI divergence indicator, hovering at 58, reflects a gradual shift into bullish territory. If this measure breaks the overbought threshold of 70, it could herald intense buying pressure. Conversely, any pullback below 50 could weaken the bullish narrative, leading to a consolidation phase or even a retest of lower support areas. In this vibrant dance of price and momentum, Stellar finds itself at a crossroads.

Could Stellar (XLM) Hit $0.63 Amid Trump’s Upcoming Inauguration?

Stellar (XLM) has a history of thriving during major political milestones, as evidenced by its impressive performance following Donald Trump’s 2024 election victory. During that period, XLM was one of the few cryptocurrencies to rise, defying broader market skepticism. Now, with Trump’s inauguration scheduled for January 20, 2025, the coin is once again having a green day, rising 6.17% in a bear market. This renewed momentum raises the possibility of XLM rising towards the $0.63 resistance, a level it tested previously.

Stellar (XLM) is enjoying a breakout

Fundamentally, Stellar’s position as a leader in global remittances and decentralized finance (DeFi) enhances its growth prospects. Its ability to provide low-cost, high-speed transactions could attract more attention amid market uncertainty linked to political events. If history repeats itself and market optimism builds around this policy shift, XLM could break through the $0.63 level, paving the way for further gains in the coming weeks.

XLM/BTC performance analysis

The daily chart of XLMBTC is indicating bullish momentum as the price is trading at 0.00000472 BTC, up 6.07% on the day. The Keltner Channel (KC) indicates upward strength, with the price moving near the upper border of the channel. The RSI at 60.31 confirms the positive momentum, as it remains above the neutral 50 line. Resistance is located at 0.00000506 BTC, while support levels are located at 0.00000435 BTC and 0.00000365 BTC. The overall trend indicates that the uptrend is likely to continue if the bulls maintain their control.

In a recent post on X (formerly Twitter), Bitfinex announced the addition of a new margin trading pair, XLM/USDT, allowing users to trade Stellar with up to 2x leverage. This feature, which requires an initial margin of 50% and a maintenance margin of 25%, indicates increased trading opportunities for XLM enthusiasts. The move is expected to boost XLM’s liquidity and trading volume, which may support its price performance and reflect growing confidence in the token’s market potential.

Bitfinex has added a new pair for margin trading: XLM/USDt!

You can now trade XLM/USDt with maximum leverage of 2x ✅
With an initial margin of 50% and a maintenance margin of 25% ✅

Get all the details in our ad: pic.twitter.com/fMb2obhJn6

— Bitfinex (@bitfinex) January 14, 2025

Stellar alternatives

In the dynamic world of cryptocurrencies, Stellar continues to shine as a leader in global remittances and decentralized finance (DeFi), underpinning its strong growth prospects. However, new entrants are steadily reshaping the landscape with innovative ideas, advanced technology and significant growth opportunities.

One such project is Wall Street Pepe ($WEPE), a pioneering project that captured the attention of the cryptocurrency community with an impressive $48.5 million pre-sale. By breathing new life into the popular Pepe the Frog meme, Wall Street Pepe has created a vibrant, utility-based ecosystem where traders come together to exchange ideas, use cutting-edge tools, and navigate real-time market signals. The “WEPE Army” is growing stronger, supported by a staking initiative that has secured over 4.7 billion tokens.

Wall Street Baby to the Moon

Thanks to its innovative approach, Wall Street Baby is positioned to redefine the cryptocurrency trading landscapeoffering a unique blend of community-driven insights, advanced tools, and rewarding staking opportunities. As the project gains more attention, investors have an exciting opportunity to join the “WEPE Army” and contribute to a transformative movement within the world of cryptocurrency trading. This is an invitation to be part of an exciting new chapter that promises to shape the future of the industry.

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