Veteran Trader Predicts Stellar (XLM) Could Surpass $1
Peter Brandt's technical analysis highlights a potential breakout for XLM.
1Bullish XLM price target
Veteran trader Peter Brandt predicts Stellar Lumens (XLM) could reach $1.17 based on technical analysis, potentially doubling its all-time high. The prediction comes from an Inverse Head-n-Shoulders pattern spotted on monthly charts. XLM currently trades significantly below its 2018 peak levels, suggesting substantial upside potential if the pattern holds true. Brandt considers this a long-term play with a multi-year timeframe.
2Key resistance levels
The analysis identifies $0.60-$0.80 as the major resistance zone XLM must break through. Currently trading around $0.24 after an 11% daily gain, the asset shows mild momentum according to ADX readings. The $1.17605 target represents a classic measured move objective. Recent price action has restored the $0.24 support level, establishing a foundation for potential upward movement.
3Network performance boost
Stellar network achieved a record 217.4 transactions per second (TPS) on September 26, 2026, marking its highest throughput ever. This performance follows BVNK's recent integration of Stellar's network. The TPS metric depends on Stellar Consensus Protocol efficiency and transaction propagation speed. Network upgrades continue to improve these technical fundamentals, supporting the bullish case.
4Protocol 28 enhancements
The September 2026 activation of Protocol 28 (CAP-83) significantly improved network efficiency. Validators can now vote before receiving full transaction sets and handle late sets more effectively. This upgrade to the Stellar Consensus Protocol optimizes validator coordination during transaction processing. Such technical improvements address previous bottlenecks in transaction propagation.
5Technical indicators
Brandt's chart highlights several moving averages suggesting reversal potential. The multi-year descending trendline shows XLM trading well below historical highs, creating room for appreciation. The analysis combines classic chart patterns with modern crypto market dynamics. While short-term momentum appears mild, the setup suggests accumulating strength for a larger move.
6Market context
XLM's potential breakout occurs amid broader crypto market uncertainty, with mixed sentiment across BTC, ETH, and SOL markets. The prediction contrasts with typical short-term trader focus, emphasizing multi-year potential instead. Stellar's focus on payment infrastructure and cross-border transactions provides fundamental support. Network upgrades position XLM for both technical and utility-driven growth.
7Validator efficiency
Protocol 28's cutting-edge consensus mechanism allows validators to vote on chain amendments faster. This reduces latency in transaction processing across the distributed network. The upgrade particularly helps during periods of high load by streamlining validator coordination. Such technical optimizations directly contribute to the network's record-breaking TPS achievements.
8Long-term implications
Brandt's analysis suggests XLM could enter price discovery above $1 if the pattern completes. The prediction combines technical factors with Stellar's improving network fundamentals. While crypto markets remain volatile, the setup presents a calculated risk/reward scenario. Successful breakout could validate Stellar's position among top payment-focused blockchain projects.
Original article: DailyCoin — Veteran Trader Predicts Stellar (XLM) Could Surpass $1