Veteran chart analyst Peter Brandt, known for his no-nonsense approach to technical trading, has identified a bullish symmetrical triangle pattern on Stellar (XLM)’s chart. This formation, often seen ahead of significant price moves, now sets a possible upside target of $1.51 by July 28, 2025. Brandt, who previously referred to XLM as a “pet rock,” appears to have changed his tone, pointing to the cryptocurrency’s technical strength amid broader market doubts.
The symmetrical triangle spotted in XLM’s price movement is a common technical pattern that suggests a pause in the current trend before a potential continuation in the same direction. In this case, the converging trendlines are indicating a possible breakout to the upside. According to Brandt, this breakout could pave the way toward a price of $1.51, representing a meaningful climb from current levels.
What makes this analysis stand out is Brandt’s shifting stance. Once skeptical of XLM’s long-term value, he now highlights it as a potential exception in a market he largely views as speculative. Brandt has warned that 95% of all cryptocurrencies could ultimately become worthless due to weak fundamentals and excessive hype. His skepticism is not unfounded—data shows there are already over 3.7 million inactive tokens, many of which never gained traction after initial hype.
Despite such grim industry-wide statistics, XLM has shown resilience. As of late July, Stellar ranks 16th among cryptocurrencies by market capitalization. Its recent performance has even outpaced better-known tokens like XRP, Chainlink (LINK), and Hedera (HBAR). This strong relative momentum is fueling investor interest, especially as most altcoins continue to struggle under the weight of regulatory uncertainty and bearish sentiment.
Brandt’s bullish view stems primarily from technical analysis rather than project fundamentals. The symmetrical triangle is not a new pattern in crypto or traditional finance. It typically represents a phase of market indecision where buyers and sellers balance each other out. Once a breakout happens—usually to the upside in bullish setups—momentum often follows. Brandt believes XLM is nearing such a breakout, provided it closes above the triangle’s upper boundary with conviction.
However, he cautions that nothing in crypto is guaranteed. The same pattern that could take XLM to $1.51 could also break down, resulting in sideways action or even a pullback. Investors are advised to watch for confirmation signals before making any moves. A clean break with volume above resistance would strengthen the bullish thesis. On the other hand, failure to hold support could suggest further consolidation or potential downside.
This nuanced view from one of crypto’s most recognized analysts reflects a broader tension in the digital asset market. While technological innovation continues, market trust remains fragile. Many projects still rely on retail-driven speculation and often lack real-world adoption. But in this context, XLM appears to be holding its ground and attracting renewed attention.
Another factor working in XLM’s favor is its improved relative performance. During July, Stellar gained more than XRP, a rival digital asset often grouped with it in discussions about remittances and cross-border payments. This is noteworthy given XRP’s exposure to institutional headlines and ongoing legal developments. The shift may indicate a rebalancing among traders and retail investors favoring XLM’s chart-driven setup over XRP’s uncertain fundamentals.
Brandt’s call on XLM doesn’t exist in a vacuum. It reflects a growing trend of technical traders identifying pockets of opportunity in what remains a difficult environment. With rising interest in technical patterns amid fading confidence in narratives, formations like the symmetrical triangle are gaining attention again.
Looking ahead, the $1.51 target offers a clearly defined goal for bulls. Still, the journey to that level will depend on how macroeconomic conditions unfold in the coming weeks. Market participants will likely react to economic indicators, interest rate policy, and risk sentiment—all of which could influence whether altcoins like XLM continue higher or stall.
In the meantime, XLM’s current setup makes it one of the more closely watched assets on the charts. Whether or not Brandt’s projection plays out, his change in tone suggests that even long-time skeptics may be finding reasons to take a second look at certain digital assets.
For traders and investors trying to navigate the complexities of this market, XLM now stands as a data-driven case study: a technically sound token with a history of volatility but a present outlook that offers hope—at least according to the charts.
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