Zano Surges Past All-Time Highs with Bullish Pennant Breakout, Analysts Predict +53% Upside

Zano has broken out of a bullish pennant pattern, hinting at new all-time highs. Price targets suggest a +53% upside to $23. The current pullback may fuel the next rally, making it an attractive entry point for long-term holders. Technical analysis suggests that the rally may still have significant room to run.

Independent chartist Quantum Ascend predicts Stellar's native token XLM could surge approximately 400% based on an Elliott Wave analysis focused on market capitalization rather than dollar price. The analyst projects XLM's market cap could reach $60-71 billion, translating to a price target near $1.96 per token XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Quantum Ascend's analysis emphasizes market capitalization over spot price due to XLM's complex supply dynamics. The analyst noted significant divergence between price and market cap performance historically. "Looking at this, the USD price is only up 12,000% while the market cap chart [is] up 52,000%. So there is some kind of inflationary pressure on the asset," he explained XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

The technical framework maps a cycle beginning in May 2016, identifying five waves up into January 2018's peak, five waves down into March 2020, followed by a new motive structure currently in progress. Wave four reportedly completed in April 2025 XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

The analyst's projection relies on overlapping Fibonacci measurements from multiple timeframes. He measures the third-to-fourth-wave drawdown alongside the broader 2021 range, finding confluence near the 3.618 extension level. "My primary there is going to be $60 billion on the market cap, could see a throw over there to that $71 [billion] as well," Quantum Ascend stated. This translates to his primary price objective of $1.96 per XLM, with an aggressive extension reaching $2.28 XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

The current market data shows XLM trading around $0.386 with a $12.28 billion market capitalization as of September 11, 2025, according to CoinMarketCap. The projected $60 billion target represents approximately 4.9x appreciation from today's valuation XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Stellar's token economics provide crucial context for the market cap-focused approach. The Stellar Development Foundation conducted a major supply adjustment in November 2019, burning 55 billion tokens and reducing total XLM supply to roughly 50 billion. No new lumens are created at the protocol level since the burn, but circulating supply continues evolving as SDF distributes treasury holdings over time XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Elliott Wave theory identifies five-wave patterns in trending markets, with the fifth wave typically representing a final advance before reversal. Fibonacci extensions measure potential price targets using mathematical ratios derived from the Fibonacci sequence, commonly 1.618, 2.618, and 3.618 multipliers XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Market capitalization equals token price multiplied by circulating supply, providing a measure of total network value. This metric can offer more consistent trend analysis when token supply changes significantly over time XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Bitcoin dominance, macro liquidity conditions, and large holder distribution patterns could all influence XLM's actual trajectory. Technical analysis provides frameworks for interpretation rather than guaranteed outcomes XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

The $1.96 target would establish a new all-time high for XLM, surpassing the previous peak of $0.938 recorded on January 4, 2018. In Elliott Wave methodology, structural new highs often validate terminal wave completion XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Quantum Ascend ties confirmation to internal wave structure development rather than single price achievements. The analyst suggests rapid, impulsive sub-structure could characterize the projected fifth wave, noting XLM's historical tendency toward condensed moves XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].