Peter Smith
Stellar's looking pretty hot right now. According to a recent X post, XLM just broke out of a nasty descending trendline and could be heading for a solid 62.1% rally to hit $0.681. That's a nice chunk of change if you're holding.
The breakout looks legit too - clean price action with decent volume backing it up. XLM has been steadily climbing after bouncing from the pullback zone, and traders are getting excited about what comes next.
XLM Price Could Hit $1.29 If Bulls Stay Strong
Here's where it gets interesting. If XLM actually breaks and holds above that $0.681 level, the next target sits way up at $1.2918. Yeah, you read that right - we're talking about more than doubling from current levels if this thing really takes off.
The chart setup suggests the recent pullback might have been just what XLM needed to fuel this potential moonshot. If momentum keeps building, we could see some serious FOMO buying kick in.
Stellar (XLM) Technical Outlook Stays Bullish
Bottom line: XLM's chart is painting a pretty bullish picture right now. The breakout from that descending trendline was the first domino, and if $0.681 falls, $1.29 could be next on the menu.
Of course, crypto being crypto, nothing's guaranteed. But for now, Stellar bulls have something to get excited about as long as the momentum holds up.
Peter Smith
