On the XLMBTC chart, I pointed out that XLM had hardly any support until the 1300 area after it broke below 2000. Despite the selloff on the Bitcoin ratio, XLM remained relatively stable in its USD valuation. Additionally, the buying when XLM was in the 7 cents zone was so powerful that it was clear to me that a lot of demand existed down there --- in which case I thought it likely that was the bottom on its USD chart. This is why I did not sell. I also posted an educational analysis about why the selloffs on altcoins could be bear traps. These were low selloffs that simply had to do with Bitcoin's rise. People were not necessarily trading their altcoins much. That "terminal shakeout" analysis is linked at bottom.
Anyway, XLM is simultaneously breaking out of an enormous pattern AND its . Based on the momentum of the market, this should not be taken lightly. This perfectly explains the massive buying momentum once the $0.137 level was breached. Further targets are illustrated on this chart. The next resistance is in the 18 cents zone, and above that there's 30 cents. However, just as Bitcoin smashed through 6K and 7K, it's possible XLM heads straight up and smashes through that whole consolidation zone as if it didn't even exist. That was the accumulation area for many months, so there may actually not be much sell pressure once we make it there. I guess we'll see. On the downside, if the support is broken again (currently near 12 cents), and if we break back into the , that would be a bad sign. So far, there's no reason to assume this will happen.
On the contrary, it seems more likely that XLM could make an attempt at its all-time-high sooner than expected.
This is speculation and based on my own opinion. This should not be taken as financial advice.