Stellar (XLM) is garnering attention from traders and investors due to significant price growth and the formation of potentially bullish technical signals.
Formation of the Golden Cross
A rare technical pattern is currently appearing on Stellar's daily chart — the golden cross. This forms when the 50-day moving average crosses above the 200-day average. Currently, the 50-day SMA is at $0.297, rapidly approaching the 200-day SMA, which could cross in the upcoming days.
Rising Trader Interest
Stellar has seen its price increase by over 104% since the beginning of July, rising from about $0.222 to above $0.52. This has resulted in a growing trading volume and interest from both retail and institutional investors, complementing the bullish technical signs.
Future of XLM and Analyst Predictions
Analysts believe that a confirmed golden cross, combined with ongoing ecosystem developments, could help the token reach the $1 mark. Noted trader Peter Brandt highlighted that Stellar's chart shows strong bullish formations, and expectations of growth amid continuing ecosystem updates are strengthening.
Stellar is positioned for a possible breakout. Technical signals and active developments provide a foundation for further growth, and market participants are preparing for a potentially defining moment in XLM's 2025 trajectory.
