XLM price is currently inside a descending triangle pattern on the 12-hour chart. Stellar experienced a significant spike in bullish sentiment over the past 48 hours. The digital asset aims for a significant 30% breakout towards $0.37. Stellar had a considerable price spike towards $0.411 on January 7 and has been consolidating ever since. The digital asset is currently trading inside a descending triangle pattern on the 12-hour chart awaiting a breakout. XLM price needs to break $0.28 to see a massive breakout Stellar has established a descending triangle pattern on the 12-hour chart with the resistance trendline formed at $0.28. A breakout above this point will drive XLM price towards $0.37, a 31% move to the upside. XLM/USD 12-hour chart Although Stellar is only trading in the middle of the pattern, a massive spike in the Sentiment Balance of XLM seems to suggest that investors are extremely bullish currently. The Sentiment Balance Total indicator measures the difference between negative and positive sentiment about an asset; the higher it is, the more bullish crowds are. XLM Sentiment Balance Total The last significant spike was on January 4, right before XLM price went from $0.158 to a high of $0.411, several days later. However, it’s important to remember that Stellar is still contained in the descending triangle pattern. XLM/USD 12-hour chart XLM price has just been rejected from the 50-SMA at $0.275 and could quickly fall towards the lower trendline of the pattern at $0.235. Losing this level can push Stellar down to $0.163, which is also another 31% move. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD rallies back above 1.3700 as USD wanes, with GBP leads the G10 gains FX Street 1 year XLM price is currently inside a descending triangle pattern on the 12-hour chart. Stellar experienced a significant spike in bullish sentiment over the past 48 hours. The digital asset aims for a significant 30% breakout towards $0.37. Stellar had a considerable price spike towards $0.411 on January 7 and has been consolidating ever since. The digital asset is currently trading inside a descending triangle pattern on the 12-hour chart awaiting a breakout. XLM price needs to break $0.28 to see a massive breakout Stellar has established a descending triangle pattern on the 12-hour chart with the resistance trendline formed at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.