- Stellar XLM is mirroring its 2017 Wyckoff setup, suggesting the token may be approaching a major breakout phase above the $0.40 mark.
- The current reaccumulation zone near $0.33 shows growing momentum as traders monitor the pattern’s final phase for a potential macro uptrend.
- Analysts state the structure is “set,” and market sentiment strengthens as Stellar prepares for possible expansion similar to its 2017 rally.
Stellar (XLM) is exhibiting technical action compared to its 2017 price action when the asset recorded an unprecedented rally after months of accumulation. Specialists now observe similar patterns being constructed on the present charts, which could presage another big move in the future.
Wyckoff Pattern Returns in Stellar XLM Structure
Recent analysis shared by Scopuly – Stellar Wallet indicates that Stellar is repeating its classic 2017 Wyckoff setup. Over that period, the token progressed from $0.005 to $0.75, one of the most spectacular historical rallies of its type. The Wyckoff pattern, whose hallmark is a cycle of accumulation and reaccumulation phases, appears to be repeating.
According to the post, XLM has entered a calm accumulation phase followed by a clear reaccumulation zone around $0.33. This level has become a focal area for traders monitoring potential breakout points. Market observers note that the pattern’s symmetry mirrors the earlier setup that preceded the 2017 rally.
Analysts describe the structure as “set, momentum is brewing, and only one phase left,” suggesting that Stellar could be approaching the distribution phase — a point often associated with the onset of strong upward movement in the Wyckoff cycle.
Key Level at $0.40 May Determine Next Market Direction
Technical watchers now consider $0.40 a critical resistance level for Stellar. A confirmed breakout above this threshold could mark the beginning of a larger market expansion phase. This zone, often referred to as the distribution region, serves as a technical trigger that might attract additional trading volume.
The current market behavior indicates a persistent build-up of buying interest, in accordance with earlier patterns of accumulation. If the Wyckoff model unfolds as expected, breaking above $0.40 may open the door to a new macro uptrend.
Market participants are watching closely this consolidation zone, and breaking above this reaccumulation band has been viewed to enhance strength. Technicians believe a clean break through resistance would create a long-term bullish configuration.
Momentum Builds as Stellar Awaits Potential Expansion
The comparison to 2017 has generated considerable attention among traders and chart analysts. The Wyckoff pattern remains one of the most referenced market frameworks due to its predictive strength in identifying market cycles.
As Stellar consolidates within its current range, momentum indicators suggest steady preparation for a larger directional move. The consistency between past and present setups adds credibility to the analysis presented by Scopuly.
With accumulation and reaccumulation phases appearing complete, only the final breakout phase remains. Should market conditions remain stable, Stellar (XLM) could be positioned for a broader upward cycle, echoing its previous historic rally.
