Stellar coin is drawing renewed market attention as technical patterns hint at the awakening of long-term bullish momentum.
After months of consolidation within a tightening range, the altcoin appears to be building strength at key support levels, signaling that a potential breakout phase could be on the horizon. Traders and analysts alike are eyeing this setup as the start of what could be a significant recovery cycle for one of crypto’s most enduring projects.
Data Shows Classic “Bull Awakening” Structure
In a weekend post on X, renowned chart analyst Peter Brandt referenced Stellar’s long-term structure, stating that “a bull waking from a nap” could describe the asset’s current phase. His remark accompanied a multi-year chart depicting a large symmetrical triangle formation, with an emerging inverse head-and-shoulders pattern forming at its base — a combination typically associated with major market reversals.
Source: X
Brandt’s interpretation emphasizes how the coin’s price action has respected key ascending support since 2020 while repeatedly rejecting overhead resistance near $0.60. The symmetrical tightening visible on the monthly chart indicates the asset is coiling within a maturing consolidation structure that often precedes a decisive directional breakout.
Should the pattern resolve upward, the breakout projection could place the coin on a trajectory toward the $1.20–$1.50 range over the coming macro cycle. However, Brandt cautioned indirectly that “young traders” must be patient with legacy altcoins — hinting that while technicals favor an eventual upside, the timing of such a move remains uncertain and dependent on broader liquidity conditions.
Market Data Reflects Accumulation Phase Beneath Resistance
According to BraveNewCoin’s market feed, XLM continues to trade within a compressed range between $0.30 and $0.34, a zone that has historically acted as both resistance and accumulation support. Volume data suggests a consistent rebalancing of positions among both long-term holders and speculative traders, with turnover rates stabilizing compared to Q2’s volatility spikes.
Source: BraveNewCoin
The consolidation reflects ongoing efforts by buyers to absorb supply near the mid-$0.30 region, which aligns with the ascending support line on the multi-year trend structure. As the 18-month moving average flattens, this neutral momentum indicates a transition from distribution into accumulation — often an early precursor to a breakout cycle.
Technical Highlights: “Magic Box” Support Dynamics
On the other hand, complementing Brandt’s long-term view, analyst Erik shared his own take on XLM’s chart setup, describing it as an example of what he calls “the power of my magic boxes.” His annotated chart visualized horizontal support and resistance “zones” that capture price oscillations within a clearly defined accumulation box currently spanning approximately $0.26 to $0.39.
Source: X
Erik emphasized that the token’s repeated bounces within this range reinforce the idea of strategic accumulation by informed market participants. According to his model, maintaining support within this “magic box” is essential for sustaining bullish potential, with a clean breakout above the upper boundary signaling renewed directional strength.
