XLM News: Head and Shoulders Setup Signals Breakout Toward $1

Stellar is drawing attention across the market as its charts display key bullish patterns supported by strong technical indicators.

With prices holding around $0.38 and a market capitalization near $11.9 billion, many buyers are watching closely for potential upside momentum. Analysts from X and supporting data point toward breakout scenarios that could push the coin significantly higher if momentum continues.

Head and Shoulders Pattern Points to Major Breakout

A recent highlight from X by analyst Ali showed Stellar forming the right shoulder of a bullish head and shoulders pattern. The setup suggests that if the crypto successfully breaks the neckline resistance, the price could advance toward the $1.00 level. This projection is based on Fibonacci extension levels, which indicate successive targets between $0.54, $0.70, and $0.90 before potentially reaching $1.00.

Source: X

The chart illustrates the symmetry of the formation, with the left shoulder in February, the head forming in April, and the right shoulder developing into September. Such a structure is typically regarded as a powerful reversal indicator in technical analysis. If volume supports the breakout, the coin could experience accelerated momentum in the coming weeks.

Adding further weight to the analysis, the dotted projection line in the chart marks a potential parabolic move should bullish conditions sustain. Buyers will be watching closely for confirmation above the neckline to validate this pattern, as failure to break through may cause another retracement toward lower levels of $0.30.

Market Data Highlights Strong Network Stability

Additionally, BraveNewCoin data added more context to the crypto’s current positioning. As of September 10, Stellar’s price was recorded at $0.38, marking a 0.98% increase over the last 24 hours. Its total market capitalization stands at $11.93 billion, supported by a daily trading volume of $280.8 million. With an available supply of 31.74 billion tokens, the asset maintains a strong presence in the top 20 cryptocurrencies by market cap.

Source: BraveNewCoin

The data highlights stable trading activity within the $0.37 to $0.39 range across the 24 hours. Despite fluctuations, the coin sustained its position above the $0.37 mark, showing resilience against bearish pressure. This narrow range suggests market participants are waiting for a breakout before committing to larger moves.

Liquidity trends remain consistent, with both buy and sell orders balanced in the order books. This indicates that while short-term volatility may persist, the coin’s valuation is strongly supported by its underlying supply and demand. The combination of stability in market cap and moderate price growth strengthens confidence in Crypto’s medium-term outlook.

Consolidation Builds Momentum for Potential Breakout

At press time, XLM was trading at $0.38, as noted in the TradingView chart shared by Crypto Arab. The daily structure reveals a consolidation phase forming after an extended downtrend, with the price now rebounding from a strong horizontal support near $0.33. From this base, the projection points to a potential climb as high as $0.70, representing nearly a 90% surge if confirmed.

Source: X

The chart also depicts a descending triangle breakout that has shifted into a bullish retest zone. This retest near $0.36 acted as a pivot, allowing the coin to regain momentum and push upward. Analysts regard this as a significant shift in trend, especially given the size of the potential upside compared to the downside risk.

Momentum indicators support the breakout thesis, with the projected Fibonacci levels showing key checkpoints at $0.45, $0.56, and $0.70. Should the crypto maintain trading above $0.36 in the near term, this path to higher valuations remains valid. Investors are monitoring closely to see if volume increases will fuel this anticipated move.