Stellar ($XLM): Potential for a Breakout Based on Inverse Head & Shoulders Pattern

Technical analysts are closely watching Stellar’s (XLM) price chart, which shows an inverse head and shoulders pattern. This pattern suggests a potential bullish breakout, with $0.50 serving as a key resistance level to watch. If XLM manages to decisively break above this level, it could pave the way for a rally towards $0.77 – a significant milestone not seen since its previous market cycle highs.