Can Stellar shoot for the moon? XLM chart hints at $1 target
Amid a bearish turn of events in the cryptocurrency sphere, Stellar (XLM) might actually be preparing for a powerful rally toward $1, but only if bulls can defend a crucial support zone around $0.30.
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Specifically, Stellar is demonstrating an inverse head-and-shoulders pattern, a classic bullish formation often signaling trend reversals, after a prolonged consolidation phase, according to a chart shared by popular crypto trading expert Ali Martinez on October 14.
As such, this setup suggests that a sustained hold above the $0.30 neckline could spark a multi-month uptrend.
From a technical standpoint, the chart projects Fibonacci extension targets at $0.47, $0.62, $0.70, and ultimately even $0.85 – $1, implying potential gains of over 150% if momentum builds. The $30 region, which was previously a resistance area during early 2025, has now flipped into support, reinforcing its importance as a psychological and structural floor.
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Peter Brandt is optimistic, too
Aligning with this technical optimism is veteran trader Peter Brandt, who recently said that Stellar was “a bull waking from a nap,” as he posted an XLM chart showing $0.25 as the key level to the downside and $0.60 as the resistance wall that could open a much bigger move.
Indeed, a failure to hold $0.30 would invalidate the bullish formation and expose Stellar to potential retracements toward $0.26 or even $0.22, where buyers might attempt to reestablish demand.
Currently, XLM is changing hands at the price of $0.3264, suggesting a decline of 6.02% in the last 24 hours, an 18.46% dip across the previous seven days, and an accumulated loss of 17.68% on its monthly time frame, according to the most recent charts.
All things considered, the symmetry and timing of the current pattern echo several previous XLM breakout setups, and if history rhymes, Stellar’s next move could be its brightest yet.
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