Can XLM hit $1?

Could you possibly enlighten me on the prospects of XLM reaching the esteemed mark of $1? Given its current market performance, do analysts foresee a bullish trend that could potentially propel its value to such heights? Or are there any significant obstacles or challenges that might hinder its ascent? I'm keen to understand the factors that could influence its future price movements and whether investors should be optimistic or cautious about its potential.