Top Trader Says XLM Is About to See a Historic Mega Breakout. Here’s the Signal

XLM could be approaching a major technical breakout. MikybullCrypto (@MikybullCrypto), a well-known analyst, believes the next altcoin cycle could send the asset significantly higher.

In a recent post, he stated that XLM could soon experience a “mega breakout,” and projected a bull market target range of $5 to $11.

His chart points to a long-term structure that has developed over several market cycles. It also arrives shortly after a major catalyst for the Stellar ecosystem helped fuel the latest advance in XLM’s price.

XLM’s Repeating Structure

The monthly chart highlights a series of repeating highs and lows dating back to 2017, with key turning points labeled A through E. The pattern shows XLM repeatedly finding support along a rising trendline while meeting resistance near the same horizontal zone. Points B and D mark previous peaks that reached the resistance area, while points A and C identify major lows that formed along the ascending support trendline.

The latest point, labeled E, marks another successful retest of that long-term support line. XLM has once again bounced from the trendline while remaining within the broader structure that has guided price action for years.

The analyst views the current setup as similar to previous periods that preceded strong upward moves. Another prominent analyst recently predicted that XRP and XLM could make millionaires soon, and the projected path on the chart shows XLM breaking above the long-standing resistance area. This would set it on a path toward substantially higher levels.

XLM’s Latest Bounce

The most recent upward move at point E coincided with a major development for the Stellar network. Last week, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization platform to the Stellar blockchain as part of its multi-chain strategy. The initiative aims to support tokenized representations of assets held within the traditional financial system.

The announcement triggered a sharp rally, with the token posting one of its strongest advances in months. That move created the upward monthly candle visible near point E on MikybullCrypto’s chart.

The development added fresh momentum just as XLM tested a critical area of long-term support. The combination of technical strength and a major institutional blockchain integration has strengthened bullish sentiment around the asset.

What’s Next for XLM?

MikybullCrypto believes the current setup is the beginning of a much larger move that could culminate in a double-digit target. He expects the upcoming altcoin season to be huge, with a target range between $5 and $11 for XLM. Based on the chart, a breakout above the long-standing resistance zone would represent the next major technical milestone.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Top Trader Says XLM Is About to See a Historic Mega Breakout. Here’s the Signal appeared first on Times Tabloid.