Stars (XLM images) is getting new ideas after a crypto The analyst predicted a potential breakout, predicting a rally of $5-$11 in the next altcoin season.
In this line, the technical analysis that is shared is Mikky Bull Crypto in X post on May 31 shows a long ascending triangle pattern that has been developing on the XLM monthly chart since 2018.
This chart shows a slow downtrend formed along an upward support trend, where the price repeatedly meets resistance near the same horizontal level.
The analysis shows that XLM is forming an ascending triangle, and repeated tests of support and resistance strengthen the bullish setup.
The recent rally has brought the stock back to the highs it had previously seen in major rallies, with strong indications reaching oversold areas such as those seen ahead in 2020 and 2024.
If the resistance is broken, the model points to a possible move towards the $5-$11 expert target, an increase of about 4,500% from the current price.
The visibility comes as XLM continues to benefit from growing institutional interest and increasing real-world asset (RWA) tokenization on the Stellar network.
The recent XLM conference was driven by DTCC’s decision to integrate its tokenization platform with the Stellar blockchain.
The service, which will begin testing in July 2026 before being widely deployed in 2027, may allow tokenized stocks, ETFsUS Treasuries, and other traditional assets on Stellar.
The announcement triggered a 70% surge in XLM, pushing the cryptocurrency to the highest level of 2026 and winning the market capitalization.
The price of shares XLM
At press time, XLM was trading at $0.24, down 0.85% in the last 24 hours, while on the weekly period, the stock was up 63%.
XLM remains in a strong trend, with its latest trade above the 50-day moving average.SMA) at $0.1627 and the 200-day SMA at $0.1907.
This alignment, where the short-term SMA is above the long-term SMA, indicates that the bullish trend remains despite recent volatility.
However, the 14-day Relative Strength Index (RSI) stands at 86.61, placing XLM deep in overbought territory.
While this indicates buying pressure and sustained investor interest, it also indicates that the stock may be at risk of a short-term pullback or consolidation before trying to raise another leg.
