Date: Sat, July 12, 2025 | 11:45 AM GMT
The cryptocurrency market has reached a historic moment as Bitcoin (BTC) surged to a new all-time high of $118K. Ethereum (ETH) also posted an impressive 17% weekly gain, reinforcing bullish sentiment across major altcoins and memecoins.
Among the standout performers, Stellar (XLM) is showing solid strength with a solid 2+% daily gain, pushing its weekly rally to an impressive 69%. But what’s fueling this move even further is a key harmonic pattern forming on the chart — pointing toward a potential continuation of the uptrend.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, XLM is displaying a Bearish Bat harmonic pattern — a reliable technical setup known to forecast strong upward movement until the pattern completes. The CD leg, currently in progress, is typically bullish as the price advances toward the final D point.
This pattern originated from point X near $0.5145, with a sharp decline to point A, followed by a bounce to B, and another drop to point C around $0.2170. Since bottoming out, XLM has been recovering aggressively and is now trading around $0.40.
The projected target for point D lies between $0.4787 (0.886 Fibonacci level) and $0.5145 (1.0 Fib), forming a Potential Reversal Zone (PRZ). These levels often act as magnets during bullish cycles and may be areas where traders take profit or price momentum stalls.
What’s Next for XLM?
If bullish momentum continues, XLM could rally toward the $0.4787 resistance — roughly 18% upside from current levels. A further push could take the token to the $0.5145 mark, which coincides with its January high — and would represent a 27% surge from current prices.
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