Stellar’s native token XLM appears poised for a major bull run, according to crypto analyst EGRAG Crypto. In a recent tweet, EGRAG outlined a technical scenario that could see XLM surge as much as 300% or more.
XLM has already begun its first notable upward trajectory, looking to finally overcome the psychologically important $1 level after years of ranging below it.
But according to EGRAG, the “Interstellar Line” around $0.35 is proving to be rock-solid support during this rally. As long as XLM holds this level, the technical projection using the Fibonacci 1.618 extension points to an ambitious target of around $1.40.
From the current price near $0.40, this would represent an incredible 300%+ gain for XLM holders. EGRAG notes that crossing the $1 mark is likely just the beginning, with $1.40 acting as a magnet due to the confluence of technical factors.
EGRAG expects this powerful XLM breakout to turn skeptical holders into vocal believers. The analyst notes “XLM is about to turn them into vocal fans and believers.”
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If XLM follows through on this technical setup, it would force even the biggest doubters to rethink their stance. According to EGRAG, get ready to see the haters squirm as this “cosmic crypto journey unfolds.”
Stellar appears on the cusp of a parabolic bull run according to analyst EGRAG Crypto. The technical chart points to 300% upside if key support holds. Fundamentals also align for exponential growth in Stellar adoption and XLM demand.
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