Stellar ($XLM): Is a Breakout on the Horizon? A Flag Pattern Suggests Potential Surge

Analysis suggests that Stellar’s price ($XLM) could be poised for a breakout if a confirmed flag pattern plays out. The technical setup indicates potential growth to $0.378, based on a chart analysis from renowned crypto analyst @ali_charts. 2024-2025 witnessed volatility in the cryptocurrency market with Stellar’s price peaking at around $0.60 before finding support near $0.20 after this period. Currently trading in the mid-$0.20 range, support is near $0.20. A breakout of this pattern could trigger a significant rally according to @ali_charts and some community users who are bullish on Stellar’s potential. However, shorter timeframe analysis remains less reliable than longer-term charts. 2024 IG International report highlights the short-term reliability concerns. Notably, Stellar ($XLM) boasts a strong market cap of $13.25 billion with its unique Stellar Consensus Protocol (SCP), which facilitates fast and low-cost cross-border payments, further supporting this bullish outlook. Traders are advised to consider volume trends and broader market sentiment as they watch for any confirmation of the breakout.