XLM Price Soars 16%, Reclaims $13 Billion Market Cap | Airdrop Alert Pro

star (XLM) price surged over 16% in the past 24 hours, regaining a $13 billion market cap and signaling strong bullish momentum. Technical indicators include relative strength indexIchimoku Cloud and EMA lines indicate that XLM is poised for further gains but faces potential resistance ahead.

The RSI remains in overbought territory, highlighting heightened buying activity, while the recent Golden Cross and Ichimoku setups point to continued upward momentum. Key levels such as the $0.47 resistance and $0.41 support will play a key role in determining whether XLM continues its rise or faces a sharp correction.

Stellar RSI remains in overbought territory

star The relative strength index (RSI) currently stands at 71.1, having remained above the overbought threshold of 70 since January 1. This marks a significant rise from December 31, when the RSI was in more neutral territory. The rising RSI reflects strong buying momentum, which has caused the price of XLM to surge nearly 16% in the past 24 hours.

However, an RSI above 70 also indicates that the asset may be approaching overbought conditions, thereby increasing the likelihood of a pullback or consolidation in the near future.

RSI is a momentum indicator that measures the speed and intensity of price changes on a scale of 0 to 100. Readings above 70 indicate overbought conditions and generally indicate that prices may correct or consolidate, while readings below 30 indicate oversold conditions and a potential recovery.

and XLM With the RSI at 71.1, the indicator suggests bullish momentum remains strong, but the asset is entering an area where the uptrend may become more difficult to sustain.

Ichimoku Cloud Shows Bullish Momentum

Ichimoku Cloud Atlas star Reflecting a strong bullish pattern, the price is well above Red Cloud. This upward breakout from the clouds signals a decisive shift in momentum, with buyers firmly in control.

The green cloud ahead formed by Senkou Span A and Senkou Span B further confirms the bullish sentiment and suggests that the recent uptrend will continue.

Additionally, the blue Tenkan-sen (conversion line) has crossed above the orange Kijun-sen (baseline), reinforcing bullish momentum as short-term price action exceeds the long-term trend. The green Chikou Span (lag span) is above price and cloud, indicating a bullish trend consistent with recent price history.

Overall, the Ichimoku cloud setup shows XLM In a strong uptrend, support from technical indicators points to further potential upside.

XLM Price Prediction: 27% Correction Possible If $0.41 Support Fails

star The EMA line recently formed a golden cross, which is a bullish indicator that occurs when the short-term EMA crosses the long-term EMA.

This technical signal suggests the potential for continued upward momentum exists. If the current uptrend continues, stellar price A test of the $0.47 resistance is likely. A successful move above $0.47 could pave the way for further gains, with the next target at $0.50, signaling growing bullish sentiment.

However, if the uptrend loses momentum, XL price There is a risk of a break below the nearest support level at $0.41. Failure to hold this level could result in a sharp decline, with the next strong support at $0.31 and a possible 27% retracement.