Stellar is emerging as a major focus among technical analysts this week after new long-term projections pointed toward a potential multiyear rally.
With ascending support holding strong since 2017 and price maintaining stability above key monthly averages, the stage may be set for an extended bullish phase.
Analysts are now eyeing Fibonacci extension levels that could propel the asset toward the $3.95 and even $8.15 targets by 2027 — provided critical support structures remain intact.
Historical Cycles and Fibonacci Targets
According to ChartNerdTAf, XLM’s multi-year chart displays a consistent pattern of ascending support that has underpinned every major breakout since 2017. The analyst highlights that each long-term consolidation has preceded significant upward moves once the token achieved monthly closes above major resistance zones.
Source: X
Notably, the $0.40 level has emerged as a crucial inflection point. Maintaining a candle close above this threshold in Q3 could confirm breakout strength similar to earlier cycles. ChartNerdTA’s projections use Fibonacci extension models, with 1.414 and 1.618 extensions aligning with long-term bullish targets near $3.95 and $8.15, respectively.
The analysis underscores that continuation along the 3-month 20 EMA and retention of ascending support are pivotal for this outlook to hold. Should the coin fail to maintain these structures, a deeper consolidation could occur before the next upward cycle. For now, however, the historical trendline remains intact — suggesting the foundation for a strong bull phase is still in place.
Market Data Shows Consolidation Within a Strong Macro Framework
According to BraveNewCoin data, Stellar is currently valued at $0.38, with a 24-hour decline of 5.44%. The token holds a market capitalization of $12.16 billion and a 24-hour trading volume of $322 million, keeping it securely within the top 20 digital assets by market cap.
Source: BraveNewCoin
The available circulating supply stands at 31.97 billion tokens, reflecting steady liquidity conditions. Despite the recent pullback, analysts note that the coin’s ability to sustain trading volumes above $300 million demonstrates ongoing market engagement and investor confidence in its longer-term trajectory.
Breakout Retest With Bullish Confluence
A separate analysis from Batman further supports the constructive outlook, identifying that XLM has broken above a bearish trendline that had capped its price action for several months. The token is now retesting this breakout zone, which aligns with a bullish Fair Value Gap (FVG) — a key confluence where institutional buying often re-enters.
Source: X
BATMAN cautions, however, that the 0.618 Fibonacci retracement level lies just below the current price zone, meaning that a minor dip to test deeper liquidity remains possible before a stronger upside push resumes. Historically, this retracement has served as a reliable support area during trend continuation phases.
Overall, the chart suggests a healthy breakout-retest structure within a broader bullish context. As long as the crypto retains its ascending monthly support and the 3M 20 EMA, analysts expect the next impulse wave could carry the asset toward its projected Fibonacci targets, potentially setting the stage for new all-time highs if the macro backdrop remains favorable.
