Stellar (XLM) Breaks Out of Bullish Flag: $0.97 in Sight?

XLMUSD.P Stellar (XLM) has broken out of a classic pole-and-flag pattern on the daily chart, rallying over 16% in 24 hours. This continuation setup typically leads to further upside, and the measured move from the $0.23–$0.52 pole hints at a potential extension toward $0.97, provided bulls defend current levels.

While the 4-hour triple EMA crossover strengthens the uptrend case, a sharp 1,159% spike in exchange netflows could indicate early profit-taking pressure. This pattern of inflows has historically led to short-term dips. Still, the Bull-Bear Power (BBP) index flipping green adds conviction to the breakout.

Upside targets to watch: $0.52 (swing high) and $0.97 (extension). Invalidation if XLMUSD.P price closes below $0.36.