Analyst Shares Stellar (XLM) Next Move, Says Be Ready
2025-07-12 14:04:42
Main Idea
Analyst Egrag Crypto predicts a potential bullish breakout for Stellar (XLM) based on technical patterns and market momentum, with key targets at $0.65 and $1.10.
Key Points
1. Egrag Crypto identifies a 'cup and handle' formation in XLM's chart, signaling a potential bullish reversal, with the price approaching a breakout point.
2. XLM has surged over 25% in a week, breaking past the $0.37 resistance level, with $0.45 as the next technical target.
3. Three major upside targets are highlighted: $0.65, $1.10, and a Fibonacci extension near $1.11.
4. Institutional adoption, like Franklin Templeton's $445M U.S. Treasuries tokenization on Stellar, strengthens the ecosystem's fundamentals.
5. Stellar's upcoming Protocol 23 upgrade in August 2025 is expected to further support the network's growth and potential breakout.
Description
Stellar Lumens (XLM) is gaining renewed attention following a bold technical analysis by crypto strategist Egrag Crypto. In a detailed chart shared via X, Egrag outlines a long-term bullish setup that suggests XLM is gearing up for a major breakout. With XLM currently trading around $0.395 as of report time, the technical and fundamental indicators appear to be aligning, prompting the analyst to issue a clear call to action: “Be ready.” Egrag Crypto’s Macro Chart: The Cup and Handle Formation Eg...
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