Stellar (XLM) has shown significant growth in the last 24 hours, reflected in increased value and trading volume.
Current XLM Metrics
Stellar (XLM) is trading at $0.4356, marking a 7.43% surge in the past day. The cryptocurrency’s market cap also rose by 7.43%, reaching $13.24 billion. Trading volume skyrocketed by 40.10%, reaching $797.86 million.
Technical Level Analysis
XLM is currently testing key resistance at $0.4400. A breakout above this level could see the price climbing toward $0.4600. Conversely, immediate support lies at $0.4200, and failing to hold this level may result in a retracement to $0.4000.
Outlook for XLM
On the technical front, the Relative Strength Index (RSI) is at 56.64, signaling moderate bullish momentum. The Chaikin Money Flow (CMF) stands at 0.13, indicating positive capital inflows. Moving averages also suggest a potential rally, as the short-term average has crossed the long-term average, forming a bullish crossover.
XLM continues to show growth, supported by technical indicators. However, traders should consider possible corrections at intermediate support levels.
