Famous analyst surprised with Stellar (XLM) price prediction.
#Stellar ($XLM ) attracted attention with the “Adam Eve” formation, which is considered a strong bullish signal
Famous crypto analyst Charting Guy thinks that the rise in XLM will continue with the Adam Eve formation. The analyst states that this formation took seven years to form and indicates a big rise. According to Charting Guy, XLM's price target will be in the range of $ 3-5.
$XRP went on the offensive when SEC Chairman Gary Gensler announced that he would resign. With this development, XLM, which took the wind behind it, rose breathlessly. It can be said that both the news flow and the technical structure support Stellar's rise.
The Adam Eve formation is a strong technical analysis model that indicates a reversal in market trends. In this model, the first phase, the Adam phase, is depicted with a sharp V-shaped decline followed by a rapid recovery. The second phase, the Eve phase, represents a more gradual recovery process.
According to Charting Guy’s analysis, the Adam phase is the sharp decline experienced by XLM in 2018, while the gradual recovery seen since 2021 is the Eve phase. If XLM manages to break the neckline of the formation, it is expected that the price will show a strong rise towards $5.
There are many fundamental and technical factors that support Stellar’s potential to rise. The Stellar network is used especially for payments and decentralized finance (DeFi) applications. Low transaction costs and fast transaction times lead financial institutions to prefer the Stellar network. This increases demand for XLM and has a positive effect on the price.
The increasing regulatory support for blockchain technology creates a positive atmosphere for projects like Stellar. The adoption of clearer and more supportive policies by regulators towards crypto assets can accelerate the growth of projects like XLM. This development may lead to organizations looking for blockchain-based solutions in the financial system turning to the Stellar network.
