Stellar (XLM) Jumps 11% as Bitcoin Hits $122.5K — Analysts Predict $1.29 Breakout

Sean Williams
Stellar (XLM)

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Key Takeaways:

  • XLM Surges 95% Weekly Amid Bitcoin ATH — Is $1.29 Next?
  • Stellar Lumens (XLM) Eyes $1.29 ATH After Explosive 11% Daily Rally
  • Altcoin Rally: Stellar (XLM) Soars as Bitcoin Hits $122.5K All-Time High

Bitcoin’s bullish momentum has reignited optimism across the crypto market, pushing Ethereum beyond $3,000 and sending Stellar Lumens (XLM) soaring more than 11% in 24 hours. As BTC sets a new all-time high (ATH) near $122,500, altcoins are beginning to heat up, setting the stage for what many believe is the start of a true altseason.

Bitcoin and Ethereum Lead the Market Higher

Bitcoin’s rally from $113,000 to $122,500 in just days has created a ripple effect across the crypto landscape. Ethereum (ETH), often seen as the bellwether for altcoin movement, has decisively reclaimed the $3,000 level. After a slower start to this bull cycle — partly due to BTC’s dominance and a Q1 correction — Ethereum and other altcoins are now poised to rally as Q3 unfolds with multiple high weekly closes.

This upward trend has sparked new momentum for long-dormant tokens, particularly Stellar (XLM), which is emerging as a top gainer.

XLM Price Up 95% Weekly, Analysts Predict $1.29 ATH

At press time, XLM is trading around $0.4827 — up over 11% in the last 24 hours and nearly 95% over the past week. According to CoinMarketCap, XLM’s current market cap is over $15 billion, with trading volume exceeding $3.2 billion.

A popular analyst recently highlighted Stellar’s bullish setup, predicting an initial price target of $0.681. Notably, XLM’s all-time high of $0.9381 was set eight years ago. The analyst now sees a high-probability breakout beyond that level, suggesting the altcoin could rally over 102% from current levels to hit a new ATH of $1.291.

Also Read: XLM Price Prediction: Stellar Breaks $0.40 as Smart Contract Upgrade Fuels Bullish Momentum

Altseason Expectations Strengthen as Q3 Builds Momentum

Crypto traders widely believe this bull market’s altseason is delayed but not denied. Bitcoin’s dominance has allowed altcoins to reset and enter the market in a healthier state. With accumulation having occurred during the prolonged Q1-Q2 correction, analysts expect coins like ETH, ADA, SHIB, DOGE, FET, ONDO, and XLM to lead the next explosive leg up.

Stellar’s recent breakout puts it firmly on the watchlist of top-performing altcoins as market sentiment flips bullish across the board.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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