Stellar (XLM) Price Expected to Breakout Amid DTCC Integration

The Stellar (XLM) price has been gaining momentum, and analysts believe it's on the verge of a historic breakout. This prediction comes after the Depository Trust and Clearing Corporation (DTCC) announced plans to connect its tokenization platform to the Stellar network.

According to MikybullCrypto, a widely followed crypto analyst, the current positioning mirrors conditions that preceded strong rallies in the past. He expects a bull market target range of $5 to $11 for XLM, citing the upcoming altcoin season as a significant factor.

The chart structure analyzed by MikybullCrypto shows a series of repeating highs and lows on the monthly timeframe dating back to 2017. The support line has guided price action for years, with each test resulting in a recovery.