Stellar Price Surge Imminent as Egrag Sees Double Top Ahead
A French crypto technician named Egrag is doubling down on Stellar (XLM) before its price potentially reaches new highs. The analyst has been tracking the asset's Fibonacci Circle patterns and sees a broader rebound rally unfolding. On the monthly XLM charts, the Red-Label Bollinger Band of $0.0209 has been breached, with the price bouncing off at $0.213 on TradingView's price statistics.
According to Egrag, if Stellar successfully logs the $0.22 resistance level, a double top retest comes next. The asset had previously reached a high of $0.258 in mid-May but gradually backed down to the $0.155 cycle low hit in mid-August 2026.
The whale-relevant CMF index has turned positive again, indicating large investors are buying into XLM at the current price range. Egrag outlines three long-term targets for Stellar: $1.59, $2.25, and $3.72, all stemming from the Fibonacci Circle count. The white ascending line indicates previous breakouts within that structure.