Stellar’s fractal shows a major bulls market could be coming soon but XLM was still among the worst-performing asset during the bear market as we are reading further in Stellar Lumens news below.
Stellar’s fractal seems powerful as the asset’s charts should just how epic the next crypto bull run could be. Later in 2016, Bitcoin had its second halving and this bullish event caused the BTC price to reach an all-time high which caused a huge resurgence in the interest on the market. Bitcoin rallied and caused other assets to increase as well. When the bubble burst in 2017, the crypto market reached a value of $750 million from less than $10 billion. Not only was the increase in price by Bitcoin, the altcoins such as Stellar Lumens went parabolic.
The fractal can be forming on the Stellar price charts that could send the price of the XLM token flying high but could show how epic the next bull run could get. Stellar suffered for more than two years of the bear market when it dropped from $1 per token to less than 3 cents. The 99% drop from the peak, could be something that happened in the past if a fractal forming on the XLM/USD trading pair happens. After the BTC halving, the XLM started an accumulation pattern that resembles the current prices on the XLM USD charts.
The fractals are representing the patterns that are found in the price charts everywhere on the charts. After the breakout from the trading range, the XLM grew to 10 cents. If the fractal out and a price action happens again after the Bitcoin halving, Stellar could see another increase in price. A similar rise could happen which will lead the Stellar price above $1.50. It wasn’t just stellar that had a price movement like that. XRP also exploded after the halving when almost every altcoin in what was a strong powerful alt season.
Bitcoin also continued the ascend to an all-time high of $20,000. Most of the crypto assets are forming a bottom that resembles the crypto market cycle. The trigger for the major bull run after the halving is finally here. The XLM price fractal could be the best example of how epic the crypto bull market will get.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post