Stellar Shows Clear Impulsive Bullish Structure

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Stellar (XLM) is a decentralized, open-source blockchain network designed to facilitate fast, low-cost cross-border payments and asset transfers. Its native token, Lumens (XLM), is used to reduce transaction fees and enable seamless currency exchanges. Stellar focuses on financial inclusion by connecting banks, payment systems, and individuals, making it easier to move money globally.

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XLMUSD Weekly Chart

Stellar with ticker XLMUSD has pretty nice and clean Elliott wave structure on the weekly and daily basis. We can clearly see it unfolding a five-wave bullish impulse, where final wave subwave "v" of 5 can be now in progress, which can send the price at least back to 2024 highs, if not even up to 2021 highs or maybe all-time highs.

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XLMUSD Daily Chart

A bullish Elliott Wave five-wave impulse is a price pattern that moves upward in five distinct waves: three in the direction of the trend (waves 1, 3, and 5) and two corrective pullbacks (waves 2 and 4). Wave 3 is usually the strongest, and wave 5 often marks the final push before a larger correction. It signals a strong, sustained uptrend.

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