TLDR
- Peter Brandt identifies XLM as the most bullish cryptocurrency, outpacing ETH, SOL, and XRP.
- XLM’s price has surged nearly 60% in the past week, showing strong upward momentum.
- Brandt highlights an inverse head-and-shoulders pattern on XLM’s long-term chart.
- XLM must stay above its April low and break the $1 resistance for further gains.
- The open interest in XLM has increased by 3.40% in the last 24 hours, indicating growing trader interest.
Veteran trader Peter Brandt has identified Stellar (XLM) as one of the most bullish cryptocurrencies at present. According to Brandt, XLM shows a strong breakout formation that has the potential for further growth. He emphasized that the token must hold above its April low levels and remain above the $1 price point for the breakout to materialize.
Brandt shared a long-term chart of XLM, highlighting an inverse head-and-shoulders pattern. He stressed the critical importance of the $1 resistance level, noting that XLM would remain range-bound unless it breaks this barrier. If XLM surpasses this level, it could signal significant upward movement in the coming weeks.
Potentially the most bullish chart of all belongs to $XLM
XLM MUST MUST remain above Apr low and MUST MUST close decisively above $1. Until then this chart will remain range bound pic.twitter.com/NZvKLp5SVW— Peter Brandt (@PeterLBrandt) July 17, 2025
As XLM continues to gain momentum, the market sentiment surrounding the token has turned positive. Brandt’s analysis suggests that, at this stage, XLM’s price structure is more bullish than Ethereum (ETH), Solana (SOL), and XRP. Currently, XLM has risen nearly 60% in the past week, trading at $0.4767.
XLM’s Short-Term Rally Strengthened by Positive Open Interest
A surge in open interest has further supported XLM’s recent price surge. Data from Coinalyze shows that XLM’s open interest has increased by 3.40% in the past 24 hours. This growth indicates rising interest from traders in XLM futures, signaling potential for continued bullish momentum.
The total value of perpetual contracts for XLM now stands at $270.9 million. This reflects increased capital entering XLM futures trades, as the token maintains strong upward momentum. Positive funding rates on most exchanges indicate a clear bias toward long positions, reinforcing the bullish outlook.
The rise in open interest and positive funding rates highlight the growing investor interest in XLM. Traders appear confident in the future prospects of the token, with more capital entering the market. This growing interest is a key factor in XLM’s potential to outperform other major cryptocurrencies in the near future.
XLM’s Price Breaks Long-Term Downtrend, Eyes $0.60 Target
Analyst Solberg Invest also recently shared a bullish short-term outlook for XLM. According to Solberg, XLM’s price has jumped over 80% recently, breaking a long-standing downtrend. The token now trades near $0.46, with the $0.43 level turning into strong support.
Solberg predicts that XLM’s next price target will be $0.60, with the potential for higher levels. The daily chart shows that XLM has successfully broken through multiple resistance zones, indicating strength in the rally. If this momentum continues, XLM could experience significant growth in the short term.
$XLM soaring!
Up +80%, $0.43 now support, next target $0.6 with new highs ahead 🚀💥
#XLM #CryptoRally #Trading pic.twitter.com/BKxOhzsb1o— Solberg Invest 🧢 (@SolbergInvest) July 17, 2025
Despite multiple failed attempts to break the $1 resistance since 2021, XLM’s recent performance has positioned it as one of the most exciting altcoins. Traders are closely monitoring the price action, with the possibility of a breakout driving increased interest in XLM.
