Stellar (XLM) Price Prediction for April 8: A Look at Potential Upside

The cryptocurrency market is showing signs of positive movement, with Stellar’s price experiencing a 3% gain over the last 24 hours, according to CoinStats. Analysis suggests potential growth as XLM breaks through a local resistance level around $0.2375. If this holds, we could see further gains towards the $0.2450 zone tomorrow. While the larger timeframe shows upward movement after a false breakout above support at $0.2231. However, traders are expecting more momentum before considering quick reversals. A potential breakout is possible if the daily bar closes without significant wicks near the $0.2231 support. On the midterm perspective, XLM’s price appears to be showing a sideways trend with a possible range of between $0.23-$0.25. As of press time, XLM trades at $0.2349.