Stellar (XLM) Echoes 2017 Setup as Price Holds $0.37

Stellar Lumens is attracting attention after a recent analysis by Sistine Research drew striking parallels between its current market structure and the 2017 cycle that preceded one of the coin’s strongest rallies.

The comparison, described by the analyst as a “clean giga chart,” suggests that history may be rhyming with the asset now sitting in an accumulation phase that could serve as the foundation for a larger move if momentum shifts in its favor.

Historical Parallels Hint at Accumulation

In 2017, XLM entered a prolonged period of sideways action before launching into a parabolic surge that multiplied its price within months. The latest chart overlay by Sistine Research highlights how the present setup resembles those early pre-rally conditions.

Current price action is consolidating near the base of its long-term range, hovering around $0.37, a level that could mark undervaluation if history were to repeat.

Source: X

The analyst emphasized that this type of accumulation phase often goes unnoticed until a breakout occurs, with most of the rally happening in a compressed timeframe. For patient investors, such parallels provide a reminder that cycles in crypto markets tend to follow familiar rhythms, even if the catalysts behind them evolve.

This observation does not guarantee a replay of the 2017 run, but it does underline that the cryptocurrency is trading in a zone historically associated with the start of stronger momentum. If confirmed, the present consolidation may be the calm before another significant expansion.

Market Snapshot Shows Steady Growth

According to market data, Stellar is trading at $0.37, reflecting a 1.34% gain in the past 24 hours. Its market capitalization stands at $11.8 billion, ranking it 20th among cryptocurrencies. Trading volume has reached $234 million over the same period, suggesting a healthy level of liquidity supporting the token.

Source: BraveNewCoin

The current supply of the asset in circulation is more than 31.9 billion tokens, underscoring the project’s scale as a payments and remittances-focused blockchain. While the recent price appreciation is modest compared to past rallies, the ability to hold steady above the $0.36–$0.37 zone adds weight to the idea of accumulation, especially when contrasted with historical cycles.

Technical View: Compression Signals Next Move

The daily chart of XLM/USDT on TradingView shows the price currently trading at $0.3661, just below the Bollinger Band midline at $0.3796. The upper band sits near $0.4098, while the lower band holds at $0.3493. The narrowing bands reflect a period of reduced volatility, often preceding a stronger directional move.

Source: TradingView

Historically, prolonged compressions of Bollinger Bands have acted as precursors to significant price shifts. If the token manages to close above the basis line at $0.38, it could set the stage for a push toward the $0.41 resistance, with higher targets in play if volume accelerates. Conversely, failure to hold the lower band near $0.35 may expose the token to downside risk toward deeper support levels.

The Chaikin Money Flow (CMF) indicator currently reads +0.05, pointing to modest capital inflows. This suggests that despite subdued price action, buying pressure has not disappeared. A sustained positive CMF reading would add confidence to the bullish case, signaling that accumulation is indeed taking place beneath the surface.