Stellar (XLM) has recently formed a classic head-and-shoulders pattern, with $0.50 being the key neckline level — once broken, the theoretical target could be directly aimed at $1!

In terms of data:

Trading volume and contract positions are declining, indicating that market sentiment is relatively cautious.

After the big fluctuations in July, liquidations have mainly concentrated on the short side, which is a positive for the bulls.

Additionally, a new batch of ETF applications in the U.S. is underway. If approved, compliant tokens like XLM may attract more institutional funds.

$0.50 is the lifeline for XLM; a breakout could lead to a new wave of major market movements!