XLM PnF Point and Figure targets Stellar Lumens / US DollarCOINBASE:XLMUSDWilliam_PlayfairXLM Point & Figure Targets and Bull Market Outlook Below are the current Point & Figure (PnF) targets for XLM. The expectation is that price will eventually move higher and reach one of these PnF targets. For that to happen, it would likely need to coincide with the next major cryptocurrency bull market. There is also the possibility that XLM becomes one of the early leaders of the next cycle. Traditionally, crypto markets have followed a four-year cycle, and the next strong phase should begin later this summer. However, several indicators I follow suggest that the bull market may already be underway. My working assumption is that the previous cycle was relatively muted on both the upside and downside compared with historical norms. This may be slightly early, but the move off the lower target was very strong. Hopefully it proves to be the start of a genuine trend rather than a short-lived rally driven purely by recent news. If trillions of dollars eventually flow into the crypto sector, some projects will experience substantial appreciation. The growth of tokenisation, where ownership can be fully verified rather than obscured through rehypothecation, could become a transformational development. What looks like a small seedling today could eventually grow into an oak tree. Historically, both XLM and XRP have been viewed as the "bankers' coins." XRP performed strongly during the last cycle, rising approximately sixfold relatively early in the move. XLM, by comparison, has been largely dormant. This raises the possibility that XLM could be one of the remaining major cryptocurrencies yet to have its turn. Its long-term chart resembles a coiled spring or triangle formation, suggesting significant potential energy waiting to be released. That is what the charts are currently indicating. One important point to remember is that Point & Figure analysis does not provide timing. It can indicate where price may eventually travel, but not when the move will occur. At present, I believe XLM has bounced from the active downside PnF target around $0.15. Point & Figure analysis identified this level very effectively. Looking at other charting methods, my 360-degree analysis of XLM showed a break below the supporting BAGL (Basing Ascending Grind Line), which is an upward-sloping trendline. Price briefly moved below this line before quickly reclaiming it, suggesting buyers stepped in to support the market. Shortly afterwards, a positive announcement was released and the price accelerated higher. On the ratio chart, (not shown here) I calculated a potential 100x move from this week's low. While that sounds extraordinary, it is important to understand that this is a ratio chart. It does not imply that the actual price of XLM will rise by 100x. Instead, the ratio chart is intended to help identify when it may be time to exit a long position after the next crypto bull market has run its course. In any case that chart supports this view too, but cannot easily be shown as a PnF chart. For the bullish thesis to remain valid, price needs to stay above the green trendline. You can also see what is effectively a triple-top formation developing. If price breaks above this level, it would trigger another Point & Figure triple-top breakout signal and generate a new upside target. If and when that occurs, I will return and update the analysis with the new target. Good luck out there trading guys may the market carry on giving us munificent gifts please share the knowledge and help as many people as we can!