We have strong signals coming out of this chart in favor of the bulls, let's look at those.
This is XLMBTC (Stellar) on the weekly timeframe; aka. Long-term.
First, notice the broken downtrend-line.
This trendline marked a bearish trend that lasted more than a year. This bearish trend has been broken.
Second, we have a long-term higher low, since December 2020. 1.5 Years and the old support wasn't even tested, this is a strong signal in favor of the bulls.
Trading volume continues to increase week after week.
Above 9-May's low (0.00000391), we are strongly bullish and expect additional growth. Below this level, we stop any trading at a loss.