If Stellar bulls can overturn one key barrier, the price of XLM might break out by 55 percent.

The XLM price is reaching a big supply zone, with a price range of $0.39 to $0.43.
The commencement of a fresh rise to $0.60 will be confirmed by a convincing daily closing above $0.43.
The bullish thesis will be invalidated if the $0.36 support floor is broken.

For over five months, the XLM price has been trapped trading under a critical roadblock. However, things are about to change as Stellar prepares for a cataclysmic breakout.

The price of XLM is about to skyrocket.

After failing on September 6, the XLM price is attempting a second assault on the $0.43 resistance level. The failure of purchasers to get through resulted in a correction of 41%. However, Stellar appears to have made a strong recovery, as it is presently retesting the $0.39 to $0.43 supply zone, which contains the previously mentioned resistance level.

The commencement of an uptrend will be confirmed by a decisive daily closing above $0.43, followed by a successful retest of this barrier. After a 15% increase, investors should anticipate the XLM price to target $0.50 at first.