After nearly five months of steady decline, Stellar (XLM) may finally be turning a corner. According to popular chart analyst @Cryptokartha, XLM has just broken out of a falling wedge pattern—a formation known for signaling potential bullish reversals.

In the chart shared by @Cryptokartha, Stellar price had been steadily sliding inside a wedge made up of two downward-sloping trendlines. Over time, the price kept making lower highs and lower lows, but the range was tightening. That’s usually a sign that selling pressure is losing steam.

The XLM price not only broke above the upper trendline of the wedge, but also came back down to retest that same level. This kind of retest, where the old resistance flips into support, is often viewed as a green light by technical traders. It suggests that buyers are now stepping in, and the breakout wasn’t just a fluke.

@Cryptokartha isn’t just pointing out the breakout—he’s calling for a major rally. Based on the pattern and price projections, he believes Stellar could rise between 80% and 100% in the short-to-medium term.

The target zone he highlights starts near $0.27 and stretches up toward $0.48. That aligns with previous resistance zones from earlier moves and matches the measured move often expected from falling wedge breakouts. On the chart, this range is marked with a projection box labeled “0.2109 (80.04%)”—a signal that XLM might be gearing up for something big.

The bigger picture adds weight to this outlook. Before entering the wedge, XLM had a solid run-up in price, likely during the 2023 bull trend. What followed was a cool-off period—typical after big rallies—until the current breakout shifted the mood. If history repeats, Stellar could now resume its previous uptrend, with fresh momentum behind it.

Read Also: AI Predicts: What Will 2,000 Stellar (XLM) Tokens Be Worth by End of 2025?

For this move to play out, traders will want to see continued buying interest. One thing to watch is trading volume. Breakouts supported by rising volume tend to be more reliable. While the chart doesn’t show volume data, it’s a key piece to confirm strength.

Also, XLM faces a few resistance levels ahead. The $0.38 to $0.42 zone could cause some hesitation, and the $0.48–$0.50 area is another potential barrier. If XLM can push through these levels, the rally could become even more explosive.

But of course, there’s always a risk. If the price drops back into the wedge, that could invalidate the breakout and put bulls in a tricky spot. Late buyers might get caught in a fake-out if momentum fades too quickly.

Still, as of now, @Cryptokartha is confident that the breakout and successful retest confirm a bullish reversal for Stellar. If the current momentum continues, XLM could be on track to double in value in the coming weeks.

The key takeaway? Stellar price is finally showing signs of life after months of decline—and according to this setup, the next chapter could be a powerful rally.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post Stellar (XLM) Breakout Signals End of 5-Month Slump: Analyst Predicts 2x Surge Ahead appeared first on CaptainAltcoin.

282 +