Could the Stellar price actually climb toward $1 soon? It is possible, but it may not be as simple as top analyst Ali predicted on X.
Ali’s chart on shows what looks like an inverse head and shoulders pattern, a classic bullish reversal structure. According to his analysis, the left shoulder formed earlier in the year, followed by a deep head during the mid-year dip, and now the right shoulder appears to be developing.
He believes that if Stellar price can maintain support around $0.30, it may complete this pattern and trigger a potential uptrend toward $1. The dotted lines on his projection mark possible Fibonacci levels showing how the move could unfold step by step, with interim targets at $0.48, $0.62, and $0.82, before a possible run to $1.
It’s a fascinating setup that, at first glance, suggests XLM might be gearing up for a recovery; yet, that optimism only tells one side of the story.
A Wider Look Reveals a Different XLM Price Picture
A closer look at the weekly timeframe paints a more complex picture. The second chart shows that XLM price has been trading inside a descending channel since early 2024. Each attempt to break above the upper trendline has been followed by rejection, leading to new lower highs and lower lows.
While Ali’s inverse head and shoulders pattern does highlight short-term bullish potential, the broader structure suggests Stellar remains trapped within a long-term downtrend. This means that any talk of a full breakout toward $1 may be premature unless price action can decisively move beyond that upper boundary.
The pattern also hints that another dip toward the base of the channel cannot be ruled out. Historically, XLM tends to revisit these lower zones before gathering enough momentum for a larger move upward.
What Needs to Happen Before a Stellar Price Spike
For the bullish scenario to gain traction, the descending channel must be broken convincingly. That would require strong buying volume and a daily close above resistance near $0.38–$0.40, turning that zone into solid support.
Until that happens, the XLM price may continue oscillating within the channel, testing patience while traders wait for a clearer breakout signal. The $0.30 level remains the key line in the sand, as Ali emphasized, and holding above it would keep the inverse head and shoulders structure valid.
Read Also: How Much Could $2,900 Invested in ASTER Be Worth by 2026?
If Stellar price breaks out of its channel and confirms Ali’s structure, a move toward $1 becomes far more plausible. If not, traders might have to wait a while longer for that narrative to materialize.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
