- Stellar (XLM) is showing signs of recovery with noticeable weekly gains as major altcoins rebound from sharp corrections since the start of 2025.
- A Bearish Gartley harmonic pattern on XLM's daily chart indicates potential upside movement as the token approaches point D around $0.3436, representing a possible 34% gain from current levels.
- XLM has recovered from a 47% decline that bottomed at $0.20 on April 7, and is currently trading near $0.2502 with MACD showing early bullish momentum signals.
- Caution is advised as bearish reactions typically occur when harmonic patterns complete, potentially leading to profit-taking and increased volatility near the target level.
Date: Mon, April 21, 2025 | 06:58 AM GMT
In the cryptocurrency market over the last week, major altcoins are showing signs of a rebound after enduring a sharp correction since the start of this year. In this relief rally, Stellar (XLM) is coming back onto the green track with noticeable weekly gains.
But there’s a shift in momentum brewing as a classic harmonic pattern now hints that this rebound could rise even further.
Harmonic Pattern Signals More Upside Move
The daily chart for XLM reveals the formation of a Bearish Gartley Pattern, but as of now, there’s still plenty of upside room left as the token approaches point D to complete the structure.
XLM’s sharp decline began around March 2, after it failed to hold above the $0.3754 resistance level (marked as point X). Since then, the token lost nearly 47% of its value, eventually bottoming out near $0.20 on April 7 (point C).
However, since hitting that low, XLM has shifted gears. The recent price action suggests it is now completing the CD leg of the pattern — potentially setting the stage for a continuation of this rebound.
Looking at the current setup:
- XLM is trading near $0.2502, steadily climbing.
- MACD is printing early bullish momentum, with a bullish crossover happening below the zero line — a classic sign of trend reversal brewing.
- The pattern’s target — point D — sits around $0.3436, aligned with the 78.6% Fibonacci retracement of the X-A leg.
If the pattern fully plays out, XLM could gain around 34% from the current levels.
What’s Ahead?
However, caution is still advised: typically, bearish reactions occur once harmonic patterns like the Gartley complete. As XLM approaches point D, profit-taking and volatility could spike, meaning a strong reaction — either a short-term pullback or consolidation — is very possible.
For now, though, the path seems tilted upward, and XLM bulls might have a window to ride this momentum toward higher levels.
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