Compass Investments

$XLM

The analyst suggests that XLM crossing this threshold could be the catalyst for a major upside move.

- Crypto analyst EGRAG CRYPTO presented a bullish outlook on Stellar (XLM), implying that the asset is ready for a major breakout.

Crypto analyst EGRAG CRYPTO presented a bullish outlook on #Stellar (XLM), implying that the asset is ready for a major breakout.

According to his latest review, a monthly candle closing above $ 0.55 would indicate a key break in the market structure.

EGRAG characterized the event as a "moment that will make both bulls and bears nervous". He pointed out that long-term bulls may be rewarded for their faith in the asset, while skeptics are likely to reconsider.

If the breakout happens, he predicts #XLM could surge - so much so that even #XRP holders would regret not reallocating some of their income to Stellar.

The attached chart shows a large-scale cup-and-handle formation that has been forming for several years, with the $ 0.55 level acting as a starting point to higher price levels. This correlates with the growing sentiment in the market that #altcoins may be moving into a new stage of upward movement.

  transscreen.ru/en/news24274