Peter Brandt Names Stellar (XLM) as Long-Term 'Long Shot' Pick

Veteran trader Peter Brandt has identified Stellar (XLM) as his long-term 'long shot' pick, suggesting it could offer significant upside over the next few years.

Brandt made this comment in a recent post on X, where he highlighted a large contracting pattern on XLM's monthly chart. The chart shows a descending trendline connecting major historical peaks across multiple market cycles, including the 2021 rally. An upward-sloping support line beneath the price has been developing for years.

The current price of XLM is around $0.2313, and Brandt suggests that it could move significantly higher to a level near $1.17605, representing roughly 411% upside from its current level. However, it's essential to note that this level was not explicitly identified as a target by Brandt.