Rally

Solana

Stellar

<p>Crypto analyst, Charting Guy, has identified a potential 50x price surge for <a href="https://captainaltcoin.com/stellars-xlm-last-160x-rally-triggers-reemerge-is-a-major-pump-ahead/" target="_blank" rel="noopener noreferrer nofollow">Stellar Lumens (XLM)</a> based on a seven-year Adam &amp; Eve pattern formation. The analyst’s technical analysis suggests both XLM and XRP could surprise market participants during the current market cycle, with XLM projected to reach between $3 and $5.</p>
<h2 class="wp-block-heading" id="strong-technical-pattern-points-to-major-xlm-breakout-strong"><strong>Technical Pattern Points to Major XLM Breakout</strong>&nbsp;</h2>
<p>The monthly chart analysis reveals a distinct Adam &amp; Eve pattern formation in XLM’s price action. This pattern combines a sharp V-shaped bottom (Adam) with a subsequent rounded bottom formation (Eve).&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-1024x501.jpeg" alt="" class="wp-image-586193" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-1024x501.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-300x147.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-768x376.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-1536x752.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-2048x1003.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-306x150.jpeg 306w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-100x49.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-715x350.jpeg 715w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1-788x385.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/aa-1.jpeg 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://x.com/ChartingGuy/status/1859604643736584424" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Charting Guy</em></strong></a>
 </figcaption>
</figure>
<p>The V-shaped bottom occurred near the $0.02-$0.03 range, while the rounded bottom consolidated between $0.07 and $0.10.</p>
<p>The pattern’s neckline sits at approximately $0.40, marking a key resistance level. XLM trades at $0.24, requiring a break above the neckline to validate the bullish pattern. The formation’s completion could trigger substantial buying pressure.</p>
<h2 class="wp-block-heading" id="strong-historical-price-action-supports-bullish-outlook-strong"><strong>Historical Price Action Supports Bullish Outlook</strong>&nbsp;</h2>
<p>XLM’s price movement since 2017-2018 shows a prolonged bearish trend followed by a gradual transition to accumulation. The Eve phase demonstrates reduced selling pressure and steady accumulation at lower price levels, setting up the foundation for a potential trend reversal.</p>
<p>Market observers note the extended timeframe of this pattern development strengthens its reliability. The seven-year formation period aligns with typical <a href="https://www.binance.com/en/square/post/11-21-2024-crypto-bull-market-enters-second-half-says-bankless-co-founder-16542836041681" target="_blank" rel="noopener noreferrer nofollow">market cycles in the crypto space</a>.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/solana-price-hits-new-ath-as-whales-accumulate-can-sol-overtake-tether/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Solana Price Hits New ATH as Whales Accumulate: Can SOL Overtake Tether?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-volume-and-price-targets-strong"><strong>Volume and Price Targets</strong>&nbsp;</h2>
<p>The analyst’s projections derive from the pattern’s height, measured from the neckline to the bottom of the formation. A successful breakout above $0.40 would target the $3-$5 range, representing a 50x return from bear market lows.</p>
<p>Trading volume must support any breakout attempt for pattern validation. <a href="https://www.coingecko.com/en/coins/stellar" target="_blank" rel="noopener noreferrer nofollow">The current price action</a> requires strong buying pressure to overcome the established resistance level at $0.40. Market participants should monitor volume indicators for confirmation of genuine breakout attempts.</p>
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<p>The post <a href="https://captainaltcoin.com/this-stellar-xlm-price-pattern-could-lead-to-a-50x-rally/" rel="noopener noreferrer nofollow">This Stellar (XLM) Price Pattern Could Lead to a 50x Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Stellar (XLM) Price Pattern Could Lead to a 50x Rally

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