Stellar (XLM) Eyes $20 by 2026 as Analyst Cites Technical Indicators and Historical Patterns

Analyst C-Zar has made a bold prediction for Stellar (XLM), forecasting the token could surge to $20 by late 2026. The projection, outlined in a recent analysis, hinges on technical indicators and historical price patterns observed in major cryptocurrencies. Currently trading at $0.47, XLM is seen as undervalued by C-Zar, who emphasizes its potential to outperform expectations during the next bull market phase.

The analyst highlighted that XLM has been in a prolonged consolidation phase, a common trait among top cryptocurrencies before significant rallies. C-Zar argues this "boring" period is nearing its end, with the market entering a critical window for a breakout. He advises investors to accumulate rather than sell, suggesting that XLM’s strong community and technical setup position it for substantial gains.

According to C-Zar, the first major target for XLM could be between $2.20 and $2.46 by the end of August 2024. This projection is based on Fibonacci retracement levels and momentum building after a long bearish trend. He notes that previous cycles have seen similar setups precede sharp price increases, with RSI overbought levels acting as a precursor to peaks. Even after reaching $2 or higher, C-Zar expects periodic consolidations followed by renewed upward movement, mirroring historical bull runs.

For the longer term, the analyst’s case rests on the monthly RSI indicator, which he claims has not yet reached overbought levels. Historically, this signal has marked the peak of major market cycles, implying the current rally for XLM is still in its early stages. C-Zar’s timeline extends to early 2026, during which he anticipates explosive growth, with price targets ranging from $20 to $40. He acknowledges these figures are more ambitious than current market sentiment, which focuses on lower benchmarks like $2–$3.

C-Zar’s analysis underscores the importance of patience for investors. He warns against premature exits, arguing that selling early could lead to missing out on substantial gains. His advice aligns with a "buy the dip, hold the rip" strategy, emphasizing long-term conviction. While the $20 target may seem ambitious, the analyst frames it as a plausible outcome if market conditions align with historical patterns and XLM maintains its momentum.

The prediction has reignited interest in XLM as an alternative to XRP, with its use cases and community support drawing comparisons. C-Zar’s case, however, is purely technical, focusing on price action rather than macroeconomic or adoption-driven factors. As the crypto market remains volatile, the timeline for XLM’s potential surge will depend on broader industry trends and investor sentiment. Time will reveal whether the token can match the analyst’s bullish outlook.