Have you noticed how markets always seem to shift gears when Bitcoin slows down? That’s often when altcoins start catching fire. Right now, Stellar price is trading around $0.39 after hitting a yearly high near $0.52, and many could be watching closely to see what comes next.
An analyst from Altcoin Doctor YouTube channel has shared a detailed breakdown that could give some clues.
According to the analyst, altcoin season is already 65% in progress based on the altseason index. Bitcoin dominance has started to fall, and history shows that this usually opens the door for altcoins to shine. Another piece of the puzzle is timing. October has often been a strong month for crypto rallies, and it’s approaching fast.
On the macro side, weak job numbers in early September pushed expectations for a Fed rate cut higher, with the FedWatch tool showing a 90% chance of a 25 basis point cut. In past cycles, rate cuts have lined up with strong moves in crypto and stocks. The analyst suggests this combination of falling dominance and macro shifts could set the stage for a strong push across altcoins.
What you'll learn 👉
What Charts Say About Stellar Price
When looking directly at Stellar price charts, the analyst turned to Fibonacci levels. He measured from the 2021 peak down to the late 2022 bottom, and the retracements lined up almost perfectly. According to this chart work, XLM price has room to climb toward $1.1 in the next altseason.
That would represent a gain of about 160% to 170% from current levels. If momentum stretches further, the next Fibonacci extension points to $2.8, which would be a massive breakout compared to where Stellar stands now.
Signals From Broader Market Data
The analyst also pointed out the importance of watching stablecoin dominance. When stablecoins grow, it often means traders are sitting out in cash. When that dominance falls, it usually signals money flowing back into crypto. Current charts show stablecoin dominance trending lower, which could be another early sign of strength for the market.
Meanwhile, Bitcoin dominance has already started to decline. Every major altcoin season in past cycles 2016, 2019, and 2021 lined up with sharp drops in Bitcoin dominance. The same pattern seems to be forming now, suggesting altcoins like XLM may soon take center stage.
How Market Cap Trends Could Drive Stellar
The analyst didn’t stop at individual charts. He also looked at total crypto market cap and altcoin market cap. Total market cap is around $3.8 trillion and could push toward $5.6 trillion if momentum continues.
Altcoin market cap, which tracks everything outside Bitcoin, is consolidating but may surge toward $2.44 trillion if it breaks past its all-time highs.
If that scenario plays out, XLM could be among the tokens benefiting from the flow of new money into altcoins. The analyst emphasized that Stellar has strong upside potential once altcoin season fully kicks in.
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Markets are never easy to predict, but the picture forming around Stellar price looks clearer with each signal. Falling Bitcoin dominance, possible Fed cuts, October seasonality, and bullish Fibonacci targets all combine into a story where XLM price could make a significant move in the coming months.
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