XLM Price Climbs 12% as Trading Volume Soars
star (XLM) price surged 12% in the past 24 hours, with trading volume climbing 163% to $1.64 billion. Technical indicators such as relative strength index and Ichimoku Cloud are showing strong bullish momentum, suggesting that the current uptrend is likely to continue.
XLM is approaching the key resistance near $0.485 as its EMA line also reflects a positive setup. If broken, this could push the price above $0.5 for the first time since December 7. However, if bearish pressure emerges, key support at $0.43 will need to hold to avoid a potential pullback to $0.38.
XLM RSI confirms strong buying pressure
star The RSI is at 65.7, down slightly from 71.9 earlier today but up sharply from 37.3 two days ago. This indicates strong buying momentum, with the RSI now in bullish territory, albeit close to overbought levels.
RSI measures price momentum on a scale of 0 to 100, with values below 30 indicating oversold conditions and above 70 indicating overbought levels.
65.7 hours, XLM The RSI indicates continued bullish momentum, but caution is needed as further gains could push it into overbought territory, increasing the likelihood of a pullback.
Ichimoku Cloud Shows Stellar Is Building a Bullish Pattern
The stellar Ichimoku chart shows a bullish breakout. XL price Currently trading at a much higher price than Green Kumo (Cloud).
Senkou Span A (green line) is above Senkou Span B (red line), indicating a bullish cloud structure supporting upward momentum. The thickness of the clouds suggests moderate support, providing a stable base for the current trend.
The blue Kijun-Sen (baseline) is below price, while the orange Tenkan-Sen (conversion line) is trending upward and closely in line with price, reflecting strong short-term momentum. Additionally, the lag span (green line) is above price and cloud, confirming the bullish sentiment.
Together these signals indicate XLM Price A strong uptrend has been established, with the Ichimoku structure supporting continued price strength in the near term.
XLM Price Prediction: Can Stellar Rise to $0.50 Again?
star The EMA lines show a bullish pattern, with the short-term line above the long-term line and the gap between the two is widening. This configuration indicates strong upward momentum and growing confidence in the current uptrend.
If resistance at $0.485 is tested and broken, stellar price It could rise above $0.50, reaching that level for the first time since December 7. Conversely, if bearish pressure builds, support at $0.43 may come into play.
A break below this level could push XL price A further drop to $0.41 or even $0.38 would mark a potential 19% retracement.
Disclaimer
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