Stellar (XLM) Surges 80% — Analysts Predict Bullish Breakout to $0.60 and Beyond

Sean Williams
Stellar (XLM)

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Key Takeaways:

  • Peter Brandt sees a bullish breakout in XLM’s long-term chart, led by an inverse head-and-shoulders pattern.
  • Solberg Invest predicts a short-term target of $0.60 after breaking a major downtrend.
  • Open interest and positive funding rates signal growing trader confidence—but caution remains amid overheated sentiment.

Stellar (XLM) is making waves in the crypto space as leading analysts highlight its strong technical setup. Veteran trader Peter Brandt and top analyst Solberg Invest both believe XLM is poised for further growth, backed by surging price action and rising trader interest.

Peter Brandt Highlights Inverse Head-and-Shoulders Breakout

Renowned chartist Peter Brandt has turned bullish on Stellar, sharing a technical analysis on social platform X. He identified an inverse head-and-shoulders pattern on XLM’s monthly chart—a classic bullish reversal signal.

However, Brandt emphasized that XLM must stay above its April lows and eventually break through the psychological resistance at $1 to confirm the breakout. Until then, he sees the token remaining range-bound.

Despite this, Brandt claims that Stellar currently displays a more promising chart structure than heavyweights like Ethereum (ETH), Solana (SOL), and XRP. The token has surged nearly 60% in the past week and is now trading around $0.4767.

Solberg Invest Predicts $0.60 Target as XLM Breaks Downtrend

Adding to Brandt’s outlook, crypto analyst Solberg Invest also shared a bullish forecast for XLM. In a separate post, he noted that Stellar has broken out of a long-term downtrend, converting $0.43 into a strong support level.

According to Solberg, XLM could next target $0.60, with the potential for further gains if bullish momentum continues. Since early 2021, Stellar has struggled to reclaim the $1 level, but the current rally is reigniting optimism among traders.

Trader Interest Surges with Higher Open Interest and Funding Rates

Beyond chart patterns, market metrics also support the bullish case for XLM. Data from Coinalyze shows a 3.4% increase in open interest over the past 24 hours, pushing the total to $270.9 million. This uptick indicates more traders are entering long positions in anticipation of further price appreciation.

Furthermore, positive funding rates across major exchanges confirm a bullish bias in XLM’s futures market. As more capital flows into leverage positions, the token continues to gain attention among speculative traders.

Also Read: Stellar (XLM) Pulls Back After 110% Rally — Will Bulls Defend the $0.42 Support Zone?

Still, analysts caution that extreme optimism can lead to sharp corrections, especially if sentiment shifts suddenly after a rapid rally.

Stellar (XLM) has quickly become the center of attention in the altcoin market, with influential analysts backing its bullish momentum. If XLM holds its key support levels and breaks the $1 resistance, it could trigger a significant upward move.

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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