- Stellar ($XLM) signals recovery, revisiting key Fibonacci levels from past cycles.
- A 2017-like bull cycle could see $XLM climb over 1,700% to $8.30 or higher.
- Analysts eye $11+ as a potential extended target for long-term gains.
Stellar ($XLM) is showing strong signs of recovery, reviving hopes of a massive bull cycle reminiscent of its performance in 2017. By revisiting its Fibonacci retracement levels and historical trends, analysts predict a potential climb of over 1,700%, targeting $8.30 and possibly higher, with $11 as an extended goal.
This recovery signals a resurgence of interest in Stellar’s ecosystem, which focuses on cross-border payments and decentralized finance (DeFi).
A Look Back at Stellar’s 2017 Bull Run
During the 2017 bull cycle, $XLM recorded exponential gains, driven by widespread adoption and market enthusiasm. Analysts now see similar conditions forming:
- Fibonacci Levels: Historical retracement and extension levels align with current price movements, signaling potential upside.
- Market Sentiment: Renewed interest in altcoins, coupled with Stellar’s use case, is driving demand.
- Bullish Momentum: The broader crypto market’s rally could fuel $XLM’s climb.
With these factors at play, a repeat of 2017’s trajectory could yield a near 20X return from current levels, solidifying Stellar’s place as a top-performing altcoin.
Targets: $8.30 and Beyond
The primary target for this potential bull cycle is $8.30, representing a staggering 1,700% climb. Analysts also highlight $11 as a potential long-term goal, given the market dynamics and Stellar’s growing ecosystem. Key indicators to watch include:
- Market Volume: Increasing trading volume will confirm bullish momentum.
- Support Levels: Holding above critical supports will be crucial to sustain the rally.
- Adoption Metrics: Expanding partnerships and integrations in payments will strengthen fundamentals.
