Stellar’s XLM Surges Ahead With Strong Bullish Momentum

Stellar’s native token, XLM, is making waves in the crypto market after a sharp price increase and a significant bullish breakout that has caught the eye of traders and analysts alike.

Over the past week, XLM has soared by nearly 60%, currently hovering around the $0.47 mark. This impressive rally puts it ahead of several major altcoins, including Ethereum (ETH), Solana (SOL), and XRP.

Renowned trader Peter Brandt has highlighted XLM as one of the most technically promising assets right now. He pointed to the formation of an inverse head-and-shoulders pattern on XLM’s monthly chart—a classic bullish signal. Brandt emphasized that breaking past the $1 level is key, as this price has served as a strong resistance point in past market cycles.

If the momentum continues and XLM successfully clears that crucial $1 barrier, the token could be poised for a much larger breakout in the near future.