Crypto analyst, Charting Guy, has identified a potential 50x price surge for Stellar Lumens (XLM) based on a seven-year Adam & Eve pattern formation. The analyst’s technical analysis suggests both XLM and XRP could surprise market participants during the current market cycle, with XLM projected to reach between $3 and $5.
Technical Pattern Points to Major XLM Breakout
The monthly chart analysis reveals a distinct Adam & Eve pattern formation in XLM’s price action. This pattern combines a sharp V-shaped bottom (Adam) with a subsequent rounded bottom formation (Eve).
Source: Charting Guy
The V-shaped bottom occurred near the $0.02-$0.03 range, while the rounded bottom consolidated between $0.07 and $0.10.
The pattern’s neckline sits at approximately $0.40, marking a key resistance level. XLM trades at $0.24, requiring a break above the neckline to validate the bullish pattern. The formation’s completion could trigger substantial buying pressure.
Historical Price Action Supports Bullish Outlook
XLM’s price movement since 2017-2018 shows a prolonged bearish trend followed by a gradual transition to accumulation. The Eve phase demonstrates reduced selling pressure and steady accumulation at lower price levels, setting up the foundation for a potential trend reversal.
Market observers note the extended timeframe of this pattern development strengthens its reliability. The seven-year formation period aligns with typical market cycles in the crypto space.
Read also: Solana Price Hits New ATH as Whales Accumulate: Can SOL Overtake Tether?
Volume and Price Targets
The analyst’s projections derive from the pattern’s height, measured from the neckline to the bottom of the formation. A successful breakout above $0.40 would target the $3-$5 range, representing a 50x return from bear market lows.
Trading volume must support any breakout attempt for pattern validation. The current price action requires strong buying pressure to overcome the established resistance level at $0.40. Market participants should monitor volume indicators for confirmation of genuine breakout attempts.
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