NewsBTC 2026-06-02 04:00:02

Stellar (XLM) Tipped For Historic Breakout With $11 Price Calls: Analyst

A major traditional finance infrastructure provider has set its sights on the Stellar blockchain, and market watchers say the timing could not be more significant. The Depository Trust and Clearing Corporation, better known as the DTCC, announced plans to connect its tokenization platform to the Stellar network as part of a broader multi-chain strategy. The move is aimed at supporting tokenized representations of assets held within the traditional financial system. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns A Bounce Off Long-Term Support The announcement triggered one of XLM’s strongest price advances in months. That rally formed the monthly candle now visible at what analyst MikybullCrypto labels point E on a long-term chart structure he has been tracking across several market cycles. The chart maps a series of repeating highs and lows on the monthly timeframe dating back to 2017. Points B and D mark previous peaks near a horizontal resistance zone, while points A and C identify major lows along an ascending support trendline that has guided price action for years. $XLM is about to experience a mega breakout in history The upcoming altcoins season will be huge 🤯 The bull target price ranges between $5-$11 pic.twitter.com/v16PTNPZrJ — MikybullCrypto (@MikybullCrypto) May 31, 2026 Point E marks the latest successful test of that same support line. XLM has bounced from the trendline once again, staying within the broader structure that has defined its behavior across multiple cycles. The Setup Behind The Call MikybullCrypto, a widely followed crypto analyst, says the current positioning mirrors conditions that preceded strong rallies in the past. He is calling for a bull market target range of $5 to $11 for XLM, projecting that the upcoming altcoin season will be significant. The analyst expects a breakout above the long-standing resistance zone to serve as the next major technical milestone. A move above that level, according to his chart, would put XLM on a path toward substantially higher ground. What The Pattern Suggests The structure MikybullCrypto references has repeated itself across different market environments over roughly nine years. Each time XLM has tested the rising support line, a recovery followed — though the magnitude has varied. Bullish sentiment around XLM has been building in recent weeks. Reports indicate that separate analysts have pointed to the DTCC integration alongside the technical setup as factors strengthening the case for a larger move ahead. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So XLM’s global search interest has also climbed to its highest level in three months, according to reports, suggesting growing retail attention toward the asset at the same time institutional blockchain activity is picking up. Featured image from Pexels, chart from TradingView

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