- Stellar (XLM) has surged over 60% in a week and is showing a bullish pennant pattern that signals a potential 45% breakout toward $0.70.
- Key resistance at $0.65 must be overcome, with strong volume needed to confirm the next upward move.
Stellar (XLM) has captured investor attention with an impressive 62% price gain over the past week, sparking optimism about a possible continued surge.
Recent technical analysis points to a bullish pennant pattern that could propel the token toward $0.70, a potential 45% increase from current levels.
Stellar Forms Bullish Pennant, Setting Up for Rally
Technical analyst Clifton highlighted a bullish pennant forming on XLM’s two-hour chart—a pattern that often precedes strong upward moves. This pattern emerges after a sharp price rise followed by consolidation, suggesting that Stellar may be catching its breath before another push higher. According to Clifton, a decisive breakout above the pennant’s upper trendline, especially with a surge in trading volume, could trigger a rally of up to 45%.
$XLM (Update)
Bullish Pennant formation in 2h Timeframe…
In Case of Upside breakout with Momentum Candle We Can see 40 – 45% massive bullish Rally📈#XLMUSDT #XLM #Crypto pic.twitter.com/BRTGoeNoiK
— Clifton Fx (@clifton_ideas) July 17, 2025
Supporting this view, trading volume has notably cooled during consolidation, a common indicator that a breakout is imminent. As price tightens within the pennant, a volume spike paired with momentum would confirm the bullish trend, potentially sending Stellar closer to $0.70.
Resistance Levels Could Open Door for New Highs
Currently trading near $0.47, Stellar has shown steady support, bouncing between $0.44 and $0.48 over the last 24 hours. According to trader Henry Gray, XLM has exited a prolonged sideways phase and is undergoing a retracement, accompanied by a bullish moving average crossover—a classic sign of an emerging uptrend.
The last mission of $XLM has begun.
If it break through the sell wall that exists until $0.65, there will be no more resistance. pic.twitter.com/sqprJPirve
— CW (@CW8900) July 17, 2025
The main challenge lies at the resistance zone around $0.65, where a sell wall has kept prices in check. Another market participant, known as CW, explained that breaking through this resistance could clear the path for Stellar to push upward toward $0.70 with limited obstacles.
Investors Watch Closely as Momentum Builds
The combination of technical signals and strong recent performance has attracted both short-term traders and long-term holders. While cautious optimism prevails, many are poised for the next major move as Stellar’s price action hangs in the balance.
If XLM breaks above the pennant with robust volume, it could trigger a significant rally, giving investors a promising opportunity to capitalize on the surge.
Stellar’s current chart patterns, volume trends, and key resistance levels suggest a strong possibility of a 40–45% price rally, potentially pushing the token toward $0.70 in the near term. Traders and investors will be watching closely for confirmation of this breakout.
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