Stellar (XLM) is currently trading at $0.2841 ๐, maintaining a bullish trend. The token, designed for cross-border payments, is gaining traction in the market with increased trading activity.
Current Metrics:
Price: $0.2841 ๐ต
Market Cap: $8.5B ๐
24H Volume: $1.2B ๐
Circulating Supply: 29.99B XLM
Technical Analysis:
XLM recently broke above its key resistance at $0.2800 ๐, now testing $0.3000 as the next resistance level. The RSI is nearing overbought territory at 70 ๐, indicating caution for new entries as a potential correction may follow.
Support is found at $0.2700 ๐ก๏ธ, with strong bullish confirmation from the 50-day EMA trending above the 200-day EMA ๐. A sustained move above $0.3000 could open the door for further gains, targeting $0.3200 in the short term.
In summary, Stellar is poised for growth but watch for a potential cooldown due to overbought signals.