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Stellar (XLM) Price Prediction: After a big pump of over 85% in a single week, ChatGPT predicts a breakthrough of the 0.50 USD resistance level by the end of July.
After Stellar (XLM) surged over 85% last week, it continued its long positions today (14th) in the Asian session, currently reporting at 0.4767 USD. With Bitcoin and the crypto assets market rapidly rising, OpenAI's artificial intelligence model ChatGPT predicts that XLM may break through the 0.50 USD resistance level by the end of July.
ChatGPT compiled several scenarios of potential price changes for cross-border payment tokens:
If the market continues to strengthen or project positive momentum drives the XLM price up, it may rise to 0.55-0.62 USD; in a neutral scenario, the price will consolidate in the 0.42-0.48 USD range, which may lead to XLM retesting the support level.
At the same time, ChatGPT pointed out that if the momentum weakens due to a drop in Bitcoin prices or profit-taking, XLM may return to the range of 0.35 to 0.40 USD.
(Source: ChatGPT)
The basic scenario assumption of this artificial intelligence model is that Bitcoin will maintain above the range of $115,000 to $119,000, and the market's optimism towards altcoins will continue to exist.
In this situation, XLM may rise to $0.55 to $0.58 by the end of this month. If Bitcoin's dominance strengthens or investor risk appetite weakens, XLM may struggle to maintain its current level and drop to $0.40.
The support level is located in the range of 0.35 to 0.38 USD, which previously was the resistance level.
On the other hand, the $0.50 level remains a key resistance level, with further resistance levels last seen in early 2022 at $0.60 to $0.65.