Stellar (XLM) Poised for a 17% Breakout Following Bullish Pattern

A recent analysis by crypto analyst Ali Martinez indicates that Stellar (XLM) is consolidating in an ascending triangle pattern, which typically signals a bullish continuation. The technical setup shows that XLM is approaching a critical horizontal resistance level between $0.29 and $0.295. If the coin successfully breaks above this resistance, it could experience a 17% surge in price, potentially reaching a target around $0.32. Conversely, failing to break out may result in continued consolidation or even a pullback. Analysts are observing key support around $0.274, with further resistance outlined by short-term (daily SMA 50) and long-term (daily SMA 200) moving averages. This scenario suggests that while immediate gains are possible if the breakout occurs, the market will need to confirm sustained bullish momentum for more extended upward movement.