Stellar (XLM) price has surged more than 400% in the last 30 days, marking one of the biggest gains in November. After hitting $0.63, its highest price since 2021, XLM is now facing the possibility of consolidation as trend indicators show signs of weakness.
However, the uptrend is still intact, supported by strong market interest and bullish sentiment. If XLM can regain its momentum, it could target $0.70 next, continuing its remarkable rise.
The current trend of XLM is losing strength.
Stellar The DMI chart shows ADX at 23.6, down significantly from over 40 just two days ago, indicating weak trend momentum. ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100 without indicating its direction. Values above 25 indicate a strong trend, while values below 20 indicate a weak trend or no trend.
Although XLM price is still in an uptrend, the declining ADX reflects a decline in momentum, indicating a potential consolidation or slowdown in the upward movement.
With the Positive Directional Indicator (D+) at 24.7 and the Negative Directional Indicator (D-) at 14.9, XLM’s uptrend is still showing a clear bullish bias. The higher D+ value highlights that buying pressure is currently outweighing selling pressure, supporting the continuation of the uptrend.
However, for the trend to regain strength, the ADX will need to climb back above 25, which indicates stronger momentum. Until then, Stellar price may see more modest gains or a period of consolidation.
Stellar's CMF has been negative for 3 days.
Currently, XLM’s CMF stands at -0.16, indicating a sustained negative trend since November 26 after being positive for four consecutive days. CMF, or Chaikin Money Flow, measures capital inflows and outflows over a given period, with values above 0 indicating buying pressure and values below 0 indicating selling dominance.
A negative CMF value indicates that selling activity has outweighed buying, which may slow down the current uptrend.
At -0.16, Stellar’s CMF indicates moderate selling pressure, which could limit its recent upward momentum. While this value reflects a shift in sentiment, it remains less severe than the more extreme negative levels seen during stronger corrections.
If the CMF indicator turns further down, it may indicate a weakening of the uptrend and an increased likelihood of a price decline. Conversely, if it returns to the positive zone, it will confirm increased buying pressure and support continued price gains.
XLM Price Prediction: Can It Reach $0.7 in December?
Stellar price recently hit $0.63, its highest price since 2021, showing impressive bullish momentum. XLM is up 433.84% in the last 30 days.
If the current uptrend regains its strength, XLM price could retest this resistance level and could rise to $0.70, which would represent a 37% increase from current levels.
However, if the uptrend fails to continue and selling pressure increases, XLM price could face a reversal. In this scenario, the token could test the key support level at $0.41, which is important to maintain the medium-term bullish outlook.
Failure to hold this support could indicate a deeper correction and reduce the recent positive momentum.