- •XLM shows an inverse head-and-shoulders pattern with potential rally to $1.
- •Analysts warn that $0.32 remains a key support level for Stellar.
- •Centrifuge launches deRWA on Stellar, expanding real-world asset access.
Stellar’s XLM is showing positive signals as traders identify a potential rally. Analyst Ali Martinez noted that XLM could advance toward $1, provided it holds above $0.30. The chart reveals an inverse head-and-shoulders pattern, suggesting a bullish formation taking shape into October.
If the token breaks above $0.45, analysts believe it could reach between $0.65 and $0.85, matching Fibonacci extension levels. Market participants see this as a potential shift in sentiment, reflecting growing confidence in XLM’s price stability heading into late 2025.
Analysts Monitor Stellar’s Support and Correlation With XRP
Another market update from BLOCK BULL shows Stellar trading near a key support trendline around $0.32. The TradingView chart from Coinbase data indicates that XLM must maintain this level to prevent bearish continuation.
“Stellar needs to show strength or it’s curtains losing this support,” the post stated. Analysts have noted that XLM’s movements are often correlated with XRP, suggesting that both assets may face similar trends.
Centrifuge Expands DeFi Access on Stellar Network
During Meridian 2025, Centrifuge announced the launch of deRWA on the Stellar network. The platform aims to offer yield through safe and stable currencies. Graham Nelson, Centrifuge’s DeFi and Product Lead, said, “This integration gives users broader access to real-world assets onchain.”
Analysts have responded positively to the announcement, stating that the collaboration could enhance Stellar’s presence in the decentralized finance sector. The partnership strengthens the network’s position in bridging traditional finance with blockchain technology, potentially attracting more institutional participants and developers.