With less than 48 hours until February, crypto analyst C-Zar from C-Zar Gets Crypto on YouTube has predictions for Stellar Lumens cryptocurrency. Currently, XLM is trading at around $0.40, and Cesar suggests that its price is on the verge of a surge, potentially reaching $2 within four weeks—an over 4x increase from its current value.
Despite a slight dip, XLM price has shown signs of recovery, aligning with a broader uptrend in the crypto market, including Bitcoin.
XLM Price Surge Indicators: RSI Recovery, Bull Flag, and Historical Patterns
A key point in the analysis is the Relative Strength Index on a weekly chart, which has rebounded from an overbought condition to around 60 a level considered optimal for initiating further price increases. This bounce is interpreted as a strong indicator of potential upward momentum.
The technical analysis further explores the presence of a bull flag pattern, which C-Zar believes signals a forthcoming measured move that could push XLM price to around $2.26. However, he notes that historical patterns and Fibonacci retracement levels suggest even higher targets. For instance, if XLM price surpasses the primary expected zone, it might hit the secondary zone, potentially reaching $2.40 or even higher, up to $2.90.
C-Zar also references historical price movements, particularly the golden ratio extensions from past cycles, to support his bullish outlook. He mentions that reaching $3.58 would align with the golden ratio extension, indicating a significant bullish premonition.
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The prediction is not solely based on technical indicators but also on the concept of a “blue sky breakout,” where XLM price moves into uncharted territory above its previous highs. This perspective is supported by the cryptocurrency’s past performance during similar breakouts, which have led to notable price increases.
C-Zar analysis portrays XLM as an asset with considerable upside potential in the short term. He cautions, however, that while a surge to $2 or beyond is plausible, the market’s reaction to various external factors could alter this trajectory.
