Stellar’s price is currently experiencing a familiar pattern, sparking renewed interest from traders. After weeks of downward movement, XLM has entered a falling wedge, a pattern reminiscent of one that triggered a significant rally earlier this year. 2023’s chart for XLM closely mirrors the previous one in its structure. The current price sits just above the $0.20–$0.22 support zone – a familiar area known to frequently act as a strong base, leading to substantial price increases in the past. The resemblance of this pattern to the prior year’s events has led many to wonder if history might repeat itself. 2023’s XLM chart is showing almost an exact replay, with two nearly identical falling wedges forming over the course of the year. 2023’s repeating structure has left analysts intrigued: a breakout from the wedge could potentially result in a significant price surge, reminiscent of the break-out seen earlier this year. Analyst Elite Crypto believes that if XLM manages to break out as it did last time, a 100% move from here wouldn’t be surprising. However, no chart pattern guarantees upside. Yet, when the same setup appears twice in a single year, observers begin to pay close attention. The bullish case for Stellar doesn’t hinge solely on this wedge; Crypto Patel noted that XLM’s price just touched the same $0.20–$0.22 support band that previously triggered rallies of 32%, 53%, and even 138%. This historical performance is a strong indication of potential movement. For every dip below this level, buyers stepped in to halt selling pressure, leading momentum to shift back upwards. The current situation shows that XLM’s return to this support zone adds further reason for traders to keep a close eye on the market. What’s Next for Stellar? To move forward with any certainty, confirmation is key. XLM needs to break above the wedge’s descending trendline and maintain the breakout, ideally with rising volume. A clear daily close above resistance would be the strongest sign of a bullish shift, while breaking support below $0.20 could indicate a downside movement. For now, the XLM chart hints at something interesting; it’s a familiar pattern, with strong support in place, and momentum is ready to shift. If Stellar follows the same path as it did earlier this year, the next move could be much bigger than anticipated, according to experts. Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.