Crypto analyst Egrag Crypto has shared a bullish outlook for Stellar ($XLM ), pointing to a long-term “Cup and Handle” pattern forming between 2018 and 2023. According to his technical analysis, XLM is preparing for a major breakout.

🔍 Key Highlights:

Current Position: XLM is hovering around $0.39–$0.40 after breaking resistance at $0.37.

Pattern: A large “Cup and Handle” suggests a potential breakout zone.

Targets:

First: $0.45

Then: $0.65

Long-term: $1.11 to $1.51

Bullish Catalysts:

Franklin Templeton launched a $445M US Treasury token on Stellar.

Stellar plans to launch the Soroban smart contract platform in August 2025.

📈 Summary:

XLM may be gearing up for a major price rally. If it holds above key levels, the analyst expects a breakout with targets up to $1.51. Investors are advised to “be ready.”