🔷 Peter Brandt: Stellar $XLM could rise by 400% in a few years
📋 Facts:
• A trader with 50 years of experience, Peter Brandt, published a monthly chart of XLM/USDT
• Current support: ~$0.12
• Target level: $1.176
• Current price: ~$0.23
• Move to target = +400%
• Brandt calls it a bet on the underdog
🧠 My take: Brandt sees long-term potential in XLM through technical analysis. The monthly chart shows a narrowing triangle pattern since 2018: the upper boundary is declining ($0.92 → $0.79 → $0.63), while the lower boundary is rising. This is a classic “energy accumulation” pattern before a big move. The $1.176 target implies a 400% increase from the current price of $0.23. But Brandt himself calls it a bet on the underdog with low chances.
Brandt said that only the price matters to him, not the project’s fundamentals. This highlights two approaches: pure technical analysis vs fundamental analysis of the utility.
⚠️ Risks: long time horizon (several years); the narrowing range could continue; fundamental weaknesses of Stellar; competition with XRP and other payment networks; volatility of the crypto market.
❓ Will Brandt’s technical setup work, or will XLM remain a “perpetual underdog”? 👇
#XLM
📋 Facts:
• A trader with 50 years of experience, Peter Brandt, published a monthly chart of XLM/USDT
• Current support: ~$0.12
• Target level: $1.176
• Current price: ~$0.23
• Move to target = +400%
• Brandt calls it a bet on the underdog
🧠 My take: Brandt sees long-term potential in XLM through technical analysis. The monthly chart shows a narrowing triangle pattern since 2018: the upper boundary is declining ($0.92 → $0.79 → $0.63), while the lower boundary is rising. This is a classic “energy accumulation” pattern before a big move. The $1.176 target implies a 400% increase from the current price of $0.23. But Brandt himself calls it a bet on the underdog with low chances.
Brandt said that only the price matters to him, not the project’s fundamentals. This highlights two approaches: pure technical analysis vs fundamental analysis of the utility.
⚠️ Risks: long time horizon (several years); the narrowing range could continue; fundamental weaknesses of Stellar; competition with XRP and other payment networks; volatility of the crypto market.
❓ Will Brandt’s technical setup work, or will XLM remain a “perpetual underdog”? 👇
#XLM
