Stellar XLM dey eye $1 Breakout, dem dey target $7.20 for bullish pattern
Veteran trader Peter Brandt dey shine light on Stellar (XLM) as e dey very bullish, sey e get one weekly flag breakout – di biggest candle wey e don get for one year – plus multi-year ascending triangle with cup-and-handle formations. XLM jump pass 70% inside one week, e dey trade about $0.50 as of July 19 (e don rise 120% since early July). Brandt yan say XLM suppose defend im April low wey be $0.20 and make sure e close well pass $1 for monthly chart to confirm say e get long-term breakout and make e fit rally reach him target wey be $7.20.
Basic fundamentals still dey support di technical side: July Protocol 23 upgrade improve smart-contract performance and reduce fee, PayPal stablecoin PYUSD go join so dat near-instant cross-border transfer go possible, and pass $445 million real-world assets don tokenized for Stellar. Traders suppose dey watch key support levels, di $1 resistance pivot, plus wider altcoin trends to know if dis bullish momentum fit continue.
Bullish
De way say plenti bullish chart patterns combine—like weekly flag breakout, ascending triangle, and cup-and-handle—plus sharp trading volume, dey show say XLM get strong short-term move. Brandt criteria to hold am for $0.20 and close monthly pass $1 na clear technical level dem; if e pass $1, e fit start big big long-term rally reach $7.20. Plus, fundamental upgrades like Protocol 23 improvements, PYUSD integration, plus $445 million tokenized assets dey further confirm market trust. All these things together mean say better chance dey for XLM to go higher, so market fit get bullish view on am.