Could Stellar price climb toward the $1 mark soon? While analyst Ali predicts a potential surge, his bullish outlook may be overly simplistic. Ali highlights an inverse head and shoulders pattern on his chart, which suggests a possible bullish reversal structure. He believes if Stellar can hold support around $0.30, it could complete this pattern, possibly leading to an upward move towards $1. However, the projected Fibonacci levels suggest interim targets of $0.48, $0.62 and $0.82 before reaching the full $1 target. 💡 📈. Yet, Ali’s prediction is only one part of a complex story. A closer look at the weekly timeframe reveals a more intricate picture. The chart shows Stellar price trapped inside a descending channel since early 2024. Each attempt to break above the upper trendline has been met with rejection, creating new lower highs and lows. 📉 While Ali’s pattern hints at short-term bullish potential, it doesn’t fully paint the full picture. A deeper dive reveals that Stellar remains trapped within a long-term downtrend. This means a breakout towards $1 may be premature unless price action decisively moves beyond its resistance. 💥. To further solidify the bullish scenario, the descending channel needs to be convincingly broken. This would require strong buying volume and a daily close above resistance near $0.38–$0.40, potentially turning that zone into support. Until then, Stellar price may remain oscillating within the channel, testing the patience of traders. The key is the $0.30 level, as Ali emphasizes, holding above it would validate his inverse head and shoulders structure. 📈 The bottom line: A breakout from this descending channel could accelerate the narrative towards a potential $1 surge. If not, waiting for a clearer breakout signal may be necessary.