• Stellar (XLM) forms a rounded bottom similar to past cycles, signaling strong bullish momentum toward higher price targets.
• Egrag Crypto's chart shows XLM inside a historical "Buying Zone," pointing to a potential breakout as seen in 2018 and 2021 cycles.
• With a price near $0.278 and growing volume, XLM appears poised to surge toward Target 3 within its long-term ascending channel.

Stellar Lumens (XLM) appears ready for a major breakout as price action follows a familiar historical trend. A bounce from the so-called "Sticky Line" has previously led to parabolic rallies. This pattern occurred in 2018 and again during the 2021 bull cycle. Now, all signs point to a potential third breakout. 

Based on the analysis of Egrag Crypto, XLM has entered another accumulation phase, indicating growing bullish momentum. The data spans from 2014 to 2030, showcasing a repeating market structure driven by accumulation and vertical rallies. Target zones between $X.X and $X.X remain critical for the next leg upward.

Historical Trends Reinforce Bullish Outlook

The long-term data illustrate a consistent parabolic curve that began forming in 2015. Price surged in early 2018, hitting the first major target. Afterwards, XLM corrected and moved sideways, aligning with past accumulation behavior. By late 2020, the asset again entered a defined "Buying Zone." This marked the beginning of a new rally, culminating in a second peak during the 2021 bull market.

Source: EGRAG CRYPTO

Consequently, the recent bottom formation in 2022 and early 2024 mirrors previous market cycles. A rounded bottom now stretches into late 2024. This pattern aligns with earlier breakouts, strengthening the case for another sharp move. Three rocket icons mark breakouts in 2018, 2021, and the projected one in late 2025.

Technical Indicators Support Upward Movement

The data features four distinct target zones within an ascending channel. Target 1 lies slightly above current prices. Target 2 sits mid-channel, while Targets 3 and 4 approach the channel's upper edge. Each target aligns with resistance levels based on historical price reactions. Moreover, the purple diagonal trendline cuts through all previous breakout points, acting as dynamic support.

Besides, green and red horizontal lines identify key decision areas for traders. These include long-term resistance and support levels. The consistent parabolic structure is supported by increased volume in each accumulation phase. Hence, the setup favors a continuation of higher lows and rising price momentum. Currently, XLM trades near $0.278, down 1.93% on the week, with volume at 185.68 million. However, if historical cycles hold, another vertical rally could soon propel XLM toward Target 3—or even beyond.

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