Stellar XLM: The Altcoin That’s Outshining the Market with a Bullish Breakout 🚀

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Amidst the vast and often tumultuous sea of cryptocurrencies, one token has managed to catch the eye of the market with a dramatic surge and a bullish technical breakout that leaves even the most seasoned analysts in awe. Stellar’s XLM, with its humble beginnings, is now making waves, climbing nearly 60% in the past week and trading around $0.47, a feat that puts it ahead of giants like Ethereum, Solana, and XRP. 🌟

Veteran trader Peter Brandt, known for his keen eye and prophetic insights, has flagged XLM’s chart as the most promising among major tokens. He points to an inverse head-and-shoulders pattern on the monthly chart, a formation that, if confirmed, could signal a significant upward move. According to Brandt, a breakout above $1 is crucial, as this level has acted as a multi-year resistance, stubbornly rejecting previous rallies. 🛡️

Echoing this bullish sentiment, analyst Solberg Invest has highlighted XLM’s short-term momentum, noting its recent break above $0.43, a key technical barrier. Solberg’s target of $0.60 suggests that the token could continue its ascent if the current momentum holds. 📈

Traders, it seems, are in on the action. Data from Coinalyze shows a 3.4% jump in open interest over the past 24 hours, pushing total perpetual contracts to $270.9 million. Positive funding rates across exchanges indicate that bullish leverage is building, a clear sign that market sentiment remains firmly optimistic. 🤝

However, as with all things in the crypto world, rapid gains and crowded long positions come with their own set of risks. Recent price action has shown signs of a short squeeze, a phenomenon that could lead to volatility if sentiment were to flip. While XLM’s technical setup is strong, the market remains sensitive to shifts in trader positioning. 🤔

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2025-07-18 07:36