Expert predicts XLM is set for mega rally to $11
The post Expert predicts XLM is set for mega rally to $11 appeared on BitcoinEthereumNews.com. Stellar (XLM) is gaining fresh bullish sentiment after a crypto analyst projected a potential breakout, forecasting a rally toward the $5-$11 range during the next altcoin season. In this line, technical analysis shared by Mikky Bull Crypto in an X post on May 31 highlights a long-term ascending triangle pattern that has been developing on XLM’s monthly chart since 2018. XLM price analysis chart. Source: TradingView The chart shows a series of higher lows forming along an upward-sloping support trendline, while price repeatedly encounters resistance near the same horizontal level. The analysis suggests XLM is forming a long-term ascending triangle, with repeated tests of support and resistance strengthening the bullish setup. The latest pullback has returned the asset to a key rising support level that previously preceded major rallies, while momentum indicators have reached oversold zones