Stellar (XLM) Could Double in Price – Here’s What Must Happen First

Stellar price is drawing fresh attention after a striking setup appeared on the daily chart. Popular analyst Ali sees a classic inverse head-and-shoulders pattern forming, a move that often signals the end of a long downtrend and the start of a strong rally. 

If the pattern plays out, XLM could make a run toward $1, more than doubling from current prices.

The key level everyone is watching sits near $0.50. Ali explains that a clean daily close above this price would confirm the breakout and open a direct path toward $1.

The chart shows how XLM price shaped a left shoulder earlier this year, formed a deep head during spring, and is now working on the right shoulder. 

This structure creates what traders call a “neckline,” and the $0.50 zone is where that neckline sits. A decisive move through it would be the green light many traders are waiting for.

Image Source: X/Ali

Wall Street Connections Add Fundamental Strength

While the chart tells one story, Stellar’s fundamentals are getting stronger too. X Finance Bull recently highlighted how WisdomTree, a major Wall Street asset manager, is building regulated tokenized funds on Stellar.

This isn’t just experimentation. It’s a serious attempt to bring traditional finance products onto blockchain rails. 

That kind of institutional adoption gives XLM a deeper use case and strengthens the long-term outlook, which can encourage investors to hold and accumulate.

What to Watch Next

XLM price is now trading around $0.39 to $0.42, where it has built steady support. For a real breakout to happen, buyers need to push through $0.50 and hold that level with strong volume. 

If that happens, Ali’s chart points to potential checkpoints around $0.68 and $0.83 before a possible run toward $1.

With a textbook bullish pattern and growing real-world adoption, Stellar is setting the stage for a major move. A confirmed breakout above $0.50 could be the spark that sends XLM toward its highest levels in over a year.

Read Also: Why Ripple (XRP) Price Hitting $1,000 Is Not as Unrealistic as It Sounds

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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