XLM Price Sees 6% Surge as Buying Momentum Grows
star The price of (XLM) has increased by more than 6% in the past 24 hours, struggling to regain a market capitalization of $11 billion. Technical indicators such as the DMI suggest an uptrend may be forming, with rising dominance in ADX and +DI suggesting growing buying momentum.
Meanwhile, a positive turn in Chaikin Fund Flow (CMF) indicates an improvement in capital inflows, signaling a possible shift in market sentiment. XLM is currently trading between key levels, with the potential for a move towards $0.47 if bullish momentum builds, or a retest of the $0.31 support if the uptrend fails to materialize.
Stellar DMI Shows Uptrend Could Be Coming Soon
XLM The DMI chart shows that its ADX is currently at 19.5, up from below 15 three days ago, indicating increased trend strength. The +DI (directional indicator) surged from 10 to 25.6 in just one day, while the -DI dropped to 13.9, indicating a major shift in momentum.
This crossover (+DI over -DI) indicates that buying pressure now exceeds selling pressure, suggesting the early stages of a potential uptrend.
The Average Directional Index (ADX) measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and readings below 20 indicating weak or lack of momentum. although star ADX at 19.5 still reflects relatively weak trend strength, and its upward trajectory suggests that the trend is gaining momentum.
Combined with the sharp rise in +DI, this setup suggests XL price Progress is being made in reversing the recent downward trend. XLM could rise further if ADX continues to rise above 20 and +DI maintains dominance relative to -DI, suggesting a possible shift to a sustained uptrend.
XLM CMF is now positive
XLM’s Chaikin Money Flow (CMF) currently stands at 0.02, recovering after remaining negative from December 25th to December 31st. This shift into positivity indicates that buying pressure is starting to outweigh selling pressure, albeit not by much.
CMF’s recent gains reflect improving capital inflows XLMmarking the gradual return of investor confidence and may be an early sign of increasing bullish momentum in the market.
The CMF measures the flow of funds into and out of an asset based on price and volume over a specific period. Values above 0 indicate net buying pressure, while values below 0 indicate net selling pressure. Although star The CMF is at 0.02, showing only a slight positive bias and a significant recovery from -0.20 two days ago.
This sharp improvement signals a significant shift in market sentiment, although momentum is still building. If the CMF continues to rise, it could indicate increased accumulation and support further price gains in the near term.
XLM Price Prediction: Will Stellar Gain 32% in the Next Days?
XLM’s EMA line currently maintains a bearish pattern, with the short-term line below the long-term one, reflecting lingering downward momentum. However, the short-term moving averages start to rise, and if they break above the longer-term moving averages, they form a golden cross – a well-known bullish indicator that could signal a potential trend reversal.
If this upward momentum strengthens, stellar price A test of the $0.406 resistance is likely, with a break above this level likely to pave the way towards the next resistance at $0.47.
The downside is that if the uptrend fails to materialize and the downtrend re-strengthens, XL price A retest of the nearest support at $0.31 is likely. Failure to hold this level would open the door for further declines, with the next support level at $0.25 likely to come into play.
These key support and resistance levels will likely define XLM’s short-term trajectory, while the EMA settings will provide key insights into whether bullish momentum can fully take over or whether bearish pressure will persist.
Disclaimer
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