Here's Why Stellar Could Go Parabolic Soon | Credit: Hameem Sarwar
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Key Takeaways
Stellar’s (XLM) price has increased by 80% last week.
The XLM price trades in a long-term symmetrical triangle.
Can XLM break out and reach a new all-time high (ATH) price?
Stellar (XLM) has come out swinging, surging more than 80% in just a week, and doing it without any clear news driving the move.
Still, the price isn’t waiting around. XLM is racing toward its yearly high, and momentum doesn’t seem to be slowing.
So what’s really behind this rally—and can it last? Let’s examine the charts and sentiment to find out.
Peter Brandt Predicts Breakout
One of the most well-known traders on X (formerly Twitter), Peter Brandt, believes the XLM price has one of the most bullish charts in crypto right now.
He suggests that the price must close decisively above $1.
Once it does, the next target will be $7.24, created by a Fibonacci proportion of the most recent move.
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The $1 area represents the all-time high and slightly lower high reached in 2021.
Let’s dive into the charts and see if a breakout is likely.
Why is XLM Going Up?
Stellar has spent years coiling up inside a symmetrical triangle, a pattern it’s held since hitting its all-time high back in 2018.
The price has tested both support and resistance multiple times, most recently bouncing off the resistance trend line in December 2024 (red icon), only to pull back.
But that pullback didn’t last long. Last week, XLM roared back with a powerful bullish candle, driving it straight back to the triangle’s upper boundary.
This kind of long-term consolidation often ends with an explosive breakout, and with XLM now pressing hard against resistance, the odds are tilting bullish.
Momentum indicators and the wave count both align with this scenario. The wave count shows a completed A-B-C-D-E structure (red) that fits perfectly with the triangle pattern.
The Relative Strength Index (RSI) just crossed 50 while the Moving Average Convergence/Divergence (MACD) is positive (black circle).
So, the long-term Stellar price prediction is bullish, confirmed with a breakout from the symmetrical triangle.
XLM Breaks Out
Zooming into the daily chart, Stellar’s rally is picking up serious steam, and it’s hitting a major test.
Since breaking out of a descending parallel channel on July 8, XLM has posted six straight green candles, powering its way up the charts.
Now, it’s knocking on the door of a key resistance zone around $0.47, where horizontal structure meets the 0.618 Fibonacci retracement.
This level isn’t just technical noise; it’s the last major hurdle before XLM aims for the long-term triangle resistance, which would open the path to a fresh all-time high.
The good news? There are no bearish divergences on the RSI or MACD, suggesting momentum is still firmly with the bulls.
If XLM can flip $0.47 into support, the next leg of this rally could get explosive.
Bullish Fractal
A fractal between XLM, XRP,and HBAR has been valid since April, and predicts significant rallies for the latter two.
The prices of the three assets have moved in tandem with each other.
XLM (black) took the lead in July and has rallied faster, though the price patterns are still almost identical.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
