XLM Analyst Sees Mega Rally Potential Ahead of $5-$11 Range

The Stellar (XLM) cryptocurrency is gaining fresh bullish sentiment after a crypto analyst projected a potential breakout, forecasting a rally towards the $5-$11 range during the next altcoin season.

According to technical analysis shared by Mikky Bull Crypto in an X post on May 31, a long-term ascending triangle pattern has been developing on XLM's monthly chart since 2018. This pattern is characterized by higher lows forming along an upward-sloping support trendline, while price repeatedly encounters resistance near the same horizontal level.

XLM's recent rally was driven by the DTCC's decision to integrate its tokenization platform with the Stellar blockchain, which could enable tokenized stocks, ETFs, U.S. Treasuries, and other traditional assets on Stellar. The announcement sparked a surge of more than 70% in XLM, pushing the cryptocurrency to its highest level of 2026.

However, despite this strong uptrend, momentum indicators suggest that XLM may be vulnerable to a short-term pullback or consolidation before attempting another leg higher. The 14-day Relative Strength Index (RSI) stands at 86.61, placing XLM deep in overbought territory.