Altcoin XLM has respected the same price memory for over 7 years. A bullish pump could lie ahead for this asset. Analyst explains the many bullish indicators. Altcoin prices continue to confu
Altcoin prices continue to confuse the greater crypto community as most altcoin asset price charts continue to show bullish indicators and signals, building for multiple years. Thus, despite the falling overall crypto market prices, a handful of altcoins could go on to surge parabolically over the coming months. In particular, XLM has respected the same price memory for over 7 years, bullish pump ahead?
According to CoinMarketCap analytics, the price of the popular altcoin XLM is trading at $0.17, meaning it is down by over 2% over the last 24 hours, and down by 20% over the last 7 days, and only up by 4% over the last 30 days. With the current dip, one expert observes how XLM is approaching the exact area where every previous macro expansion began. He concludes that no breakout has happened yet and that is what is key.
https://twitter.com/0xLogicalx/status/2070257304709079547As we can see from the post above, he goes on to say that right now, the price is still trading inside a long-term accumulation range after months of compression. The real signal comes only if buyers manage to reclaim the current consolidation and start printing higher highs. What makes this interesting, is that as the previous two macro cycles both started after prolonged sideways accumulation, selling pressure has gradually weakened while volatility continues to compress.
What’s more, the current structure looks more like preparation than distribution. If bulls confirm the breakout, the first objective is reclaiming the 2025 highs. After that, the previous cycle high around $0.80 becomes the next major liquidity magnet with $1 remaining the psychological macro target. While nothing is confirmed yet, if this base resolves to the upside, then XLM could be setting up for its third major expansion cycle.
https://twitter.com/nonclerr/status/2070521645287031058 Meanwhile, another expert highlights how XLM has respected the same price memory for over 7 years. The asset has shown how in every major rally eventually paused at one of the historical resistance zones as shown in the chart accompanying the post above. Each level became a checkpoint before the next leg higher. Now price is back building from the bottom of the range once again.
If buyers manage to reclaim the first historical level around $0.35, the path toward $0.63 becomes much cleaner. Break that, and suddenly the previous cycle highs near $0.79 come back into focus. Markets love repeating what already worked. While history doesn’t guarantee the future, it often leaves a roadmap. Right now, XLM is trading far below the levels where previous cycles attracted the most attention.
