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Stellar Price Prediction: XLM Rises 60% This Week, Surpassing XRP and HBAR! Legendary Trader Peter Brandt Targets $1 Breakout Level
As XRP and HBAR rise 40% weekly attracting market attention, Stellar(XLM) quietly leads with a 60% increase. As the current price breaks through $0.50, legendary trader Peter Brandt points out that its monthly chart is forming "the most bullish pattern in crypto assets"—an inverse head and shoulders pattern spanning seven years. There are two key confirmation conditions: maintaining support at the April low of $0.22, and closing the monthly line above the $1 neckline. Technical analysis shows that if the breakout is successful, historical resistance will turn into support, targeting the range of $1.70-$2.00.
The King of Comeback: XLM Rises 60% Weekly, Crushing Mainstream Coins, Seven Years of Dormancy Finally Erupts As the 40% weekly rise of coins like XRP and HBAR sparks heated discussions, Stellar(XLM) has achieved a crushing performance with a 60% rise, currently priced at 0.50 USD. More notably, its monthly chart is showing epic bullish signals. Legendary trader Peter Brandt emphasized in his latest analysis:
Technical Deconstruction: The inverse head and shoulders pattern spanning over seven years, neck line breakout imminent ▋ In-depth Analysis of Bottom Patterns The monthly chart clearly shows the inverse head and shoulders pattern (the most reliable bottom signal in Technical Analysis):
Left Shoulder: Constructed during the pullback in 2019
Head: Formed during the crash in March 2020
Right Shoulder: Polishing completed by the end of 2022-2023 This structure spans 84 months, accumulating energy far beyond ordinary forms.
▋ Key Defense Line and Breakthrough Target Center
Breakthrough Roadmap: 1 Dollar Will Trigger a Historical Market Movement Phase One: Accumulation Consolidation Currently, it is necessary to continuously absorb selling pressure in the range of $0.22-$1.00, and the monthly closing price needs to consistently stay above 0.50 dollars (already achieved), gradually approaching the neckline.
Stage Two: Final Battle at the Neckline If the monthly candlestick closes above $1.00 (the single-day fluctuation breakout is invalid), it means:
Stage Three: Target Calculation Measure the rise based on the inverse head and shoulders pattern:
Conclusion: XLM's seven-year bottoming journey is about to face its ultimate test. Compared to the news-driven surges of XRP and others, XLM's technical breakout has a more solid historical foundation. The $0.22 defense line and $1.00 breakout level pointed out by Peter Brandt are like a heart monitor for a sleeping giant—if both conditions are met, it may trigger a new wave of leading storms in the altcoin market.