Stellar Rise: Can $XLM surpass Shiba Inu ($SHIB ) in market value?

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Stellar (XLM) has been on a strong rise recently, up 34% in the past week. The key factor in this wave of gains is the golden cross, which usually indicates the potential for price increases.

However, despite the bullish trend, several key indicators show signs of weakening momentum. XLM's DMI indicator shows weakening bullish momentum, with +DI falling from 40.3 to 25, while -DI rose from 7.9 to 14.6, indicating that sellers are beginning to dominate. Despite this, ADX is still above 25, indicating that XLM is still in an uptrend.

However, the ADX fell from 52.6 to 40.1, suggesting that the trend strength has weakened. If selling pressure increases, the current upward trend may be shaken, leading to consolidation or reversal.

The CMF indicator shows changes in market sentiment. As of press time, CMF has fallen from 0.41 at the beginning of the year to negative territory, reflecting accelerated capital outflows and increased selling pressure. If CMF remains negative for a long time, it may increase downward pressure on XLM and weaken its bullish momentum. However, if it recovers to positive territory, it may provide support for a price rebound.

Currently, XLM's market capitalization is only about $243 million away from SHIB. Despite SHIB's large circulating supply and strong community support, its market momentum has slowed, with a monthly increase of only 13.65%, far lower than XLM's 38.73%. Memecoin's practical limitations may also limit its growth, while XLM's practical applications in cross-border payments and blockchain innovation provide it with an advantage.

XLM's price is consolidating around $0.45, with support at $0.44 and resistance at $0.47. If bullish sentiment continues, XLM's target price may reach $0.50 and may even surpass SHIB. However, if there is a pullback, the support level may test $0.42.

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