Analyst Peter Brandt rarely bullish! XLM monthly chart shows a rare "inverse head and shoulders" pattern, breakout confirmation could lead to a 3x rise? | Stellar price prediction

The legendary cryptocurrency trader Peter Brandt, known for his sharp tongue and precise chart analysis, has recently expressed an uncommon optimistic view on Stellar (XLM). Brandt believes that, despite over 95% of active tokens (about 11,000) ultimately dropping to zero and becoming "pet rocks," XLM is likely to stand out as one of the few "rock stars." His analysis is based on the clear potential multi-year Inverse Head and Shoulders bottom reversal pattern visible on the XLM monthly chart, with the neckline resistance below $0.50. The current XLM price ($0.429) is attempting a strong breakout, and if the monthly close can hold above the $0.42-$0.45 range, the technical target could be seen at $1.50, with a potential increase of over 3 times. This article deeply analyzes Brandt's chart perspective, his bullish logic under a harsh market backdrop, and the long-term support of XLM's fundamentals in cross-border payments and the Stellar Development Foundation (SDF) collaboration, providing key trend judgments for XLM holders and Stellar ecosystem followers.

1. Legendary trader rarely speaks out, XLM becomes a survivor under strict selection In the crypto market, the legendary chart analyst Peter Brandt rarely expresses optimism lightly. However, in a recent post, he shared a rare bullish perspective — the subject being Stellar (XLM). Brandt is known for his sharp remarks, and he first poured a bucket of cold water on the market: "Every crypto geek has their favorite 'pet rock' or 'bean baby'. I believe that among the 11,000 active trading tokens, over 95% will become nearly worthless — your favorite one is no exception."

He cited data indicating that over 3.7 million tokens have "died," with more than half of the active tokens down over 90% from their historical highs. But immediately after, he changed his tone: "But I believe there is one token that could become a 'rockstar,' and that is $XLM." The public endorsement from this big shot, known for his "brutal honesty" and decades of chart expertise, especially expressed in such strong terms, is indeed an important signal.

2. Technical Analysis: Monthly Chart Surprises with Multi-Year "Inverted Head and Shoulders", Breakthrough Imminent? The XLM/USD monthly chart shared by Brent reveals a potential, multi-year "Inverted Head and Shoulders (IHS)" bottom reversal pattern. This is a classic bottoming formation that typically indicates a significant long-term trend reversal.

  • Left Shoulder (S): Formed from the end of 2018 to 2019

  • Head (H): The deep pit at the beginning of 2020

  • Right Shoulder (S): Slowly forming from mid-2022 to the end of 2023

  • Neckline resistance: Located below the 0.50 USD mark The latest monthly candlestick chart shows a strong breakout attempt. XLM is currently trading at 0.429 USD, which is the highest monthly level since early 2022. If this price level can be maintained, it will effectively confirm this long-term reversal pattern. The chart also shows an ascending trend support line and upward moving averages—both are signals that momentum is building. If this breakout is successful and holds, the technical target based on this head and shoulders pattern could reach 1.50 USD, which implies a potential rise of over 3 times compared to the current price level.

3. Key Verification: Breakthroughs need to hold above, fundamentals provide long-term support The confirmation of technical patterns requires validation through price action. For XLM, it is crucial to hold above the range of 0.42 to 0.45 USD by the end of this month in order to confirm the validity of the bullish reversal. Conversely, if the price fails to hold and drops below 0.30 USD again, this bullish structure may be postponed or declared invalid. Apart from the technical aspects, the fundamentals of XLM have always made it stand out in the fiercely competitive Crypto Assets payment space: its focus on efficient, low-cost cross-border payment solutions, the Stellar Development Foundation (SDF) continuously promoting strategic partnerships with major institutions (such as MoneyGram), and the real-world applications and utility provided by the network. Brant's recognition, combined with the current potential technological breakthroughs, could become an important turning point for XLM's trend.

Conclusion: A Glimmer of Hope in the Harsh Winter, Can XLM Shine Against the Tide? Peter Brandt's rare public optimism about XLM, especially against the harsh backdrop of his assertion that the vast majority of tokens will eventually drop to zero, undoubtedly injects a shot of adrenaline into the Stellar community and XLM holders. If the potential "inverse head and shoulders" reversal pattern at the monthly level is effectively broken and confirmed, the technicals will open up significant upside potential. However, market participants need to closely monitor the defense and attack situation in the key resistance area of $0.42-0.45, as this is the primary technical signal for judging the validity of the pattern. In the long term, XLM's continued deepening in the cross-border payment field, SDF's active operations, and its pursuit of compliance and practicality provide fundamental support for its survival and even prosperity in the era of "Crypto Assets gold rush." Whether XLM can, as Brandt predicted, emerge from the "pet rock" to become a true "rock star," will be answered by the performance of the upcoming monthly closing price.

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GateUser-c336411bvip
· 14h ago
Steadfast HODL💎
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