Brandt Sees XLM as Long Shot Bet, Targets $1.17605
Veteran trader Peter Brandt has shared his thoughts on Stellar (XLM), saying it's a good pick for a long shot bet over the next few years. In a recent post, he noted that XLM has a declining upper trendline connecting each successive cycle high, with peaks moving lower over time. The 2018 high reached $0.9381, while the 2021 high came in near $0.75, and the 2025 high was approximately $0.65. Each rally failed at a lower level than the previous.
The chart also displays a rising trendline that has held as support across the same multi-year period. XLM currently sits at $0.23041, near that long-term support line. Brandt is convinced that the long-term trajectory is bullish.
He previously identified constructive technical structure in XLM, describing the asset as one that 'could become a rock star.' The current price sits in a comparable zone near long-term support, similar to the positions where each of the three major rallies on the chart originated. Brandt has marked a price target of $1.17605 on the chart, which would require about a 410% rally from the current price.
Brandt's post suggests this is not a short-term trade and recommends investors consider XLM as part of their long-term portfolio.