Stellar (XLM) Price Return to $0.70 Could Be Postponed for Now
Stellar (XLM) price has surged more than 400% in the past 30 days, making for one of the most significant rallies in November. After reaching its highest price since 2021 at $0.63, XLM now faces potential consolidation as its trend indicators show signs of weakness.
Nonetheless, the uptrend remains intact, supported by strong market interest and bullish sentiment. If XLM can regain momentum, $0.70 may be targeted next to continue its remarkable rise.
XLM Current Trend Is Losing Power
star The DMI chart shows ADX at 23.6, a sharp drop from over 40 points two days ago, indicating that the trend is losing momentum. ADX (Average Directional Index) measures the strength of a trend on a scale from 0 to 100, but does not indicate its direction. Values above 25 indicate a strong trend, while values below 20 indicate a weak or no trend.
Although XL price Although ADX is still in an uptrend, the decline reflects weakening momentum, suggesting a potential consolidation or slowing of the bullish movement.
With the positive indicator (D+) at 24.7 and the negative indicator (D-) at 14.9, XLM’s uptrend still shows a clear bullish bias. A higher D+ value highlights that buying pressure currently exceeds selling pressure, supporting the continuation of the uptrend.
However, for the trend to strengthen again, ADX needs to move back above 25, indicating stronger momentum. Until then, stellar price We may see more modest gains or a period of consolidation.
Stellar CMF has been negative for 3 consecutive days
XLM’s CMF currently stands at -0.16, having been in decline since November 26 after four consecutive days of positive territory. CMF, or Chaikin Fund Flow, measures capital inflows and outflows over a given period, with values above 0 indicating buying pressure and values below 0 indicating selling dominance.
Negative CMF values indicate that sales activity exceeds buying activity, which may slow down the current upward trend.
At -0.16, star CMF indicates that selling pressure is moderate, which may limit its near-term bullish momentum. While this value reflects a shift in market sentiment, its severity is still below the more extreme negative levels seen during stronger corrections.
If the CMF falls further, it could signal a weakening uptrend and increase the likelihood of a price correction. On the contrary, if it returns to positive territory, it will once again confirm the increasing buying pressure and support the continued price rise.
XLM Price Prediction: Can it reach $0.7 in December?
stellar price It recently reached $0.63, its highest price so far in 2021, showing impressive bullish momentum. XLM has gained 433.84% in the past 30 days.
If the current uptrend resumes strong, XLM Price A retest of this resistance is likely and could lead to a rise to $0.70, a 37% rise from current levels.
However, if the uptrend fails to hold and selling pressure increases, XL price May face a reversal. In this case, the coin is likely to test the key support at $0.41, an important level to maintain its bullish outlook in the medium term.
Failure to hold this support level could signal a deeper correction and undermine the recent positive momentum.
Post Stellar (XLM) price recovery to $0.70 may be temporarily delayed first appeared in bein encryption.
